Archive for the 'Honolulu Condominiums' Category
Honolulu’s “Lofty” Condo Project
July 2nd, 2008 categories: Honolulu Condominiums
A very interesting project is under construction next to Honolulu’s Lexus dealership. The developer is refitting the majority of the old National Cash Register Building at the corner of Cooke and Kapiolani. It is part of the growing “metropolitization” (my word) of Honolulu. The location puts your home within walking distance to down town Honolulu, Queens Medical Center, Straub Medical Center, Ala Moana Shopping Center and Victoria Ward. There will be a total of 32 units in the project and Pacific Business News announced the opening of sales for the first 14 units.
“The loft apartments range from 835 square feet to 2,058 square feet, have one, two or three bedrooms and are priced from $755,000 to $2.1 million. There are 26 different floor plans among the 32 units, and 17 units have either walk-out decks or walk-up roof-top decks, which developer Chris Deuchar, president of U.S. Pacific Development LLC, likens to an “urban yard.” A skydeck features a tension-edge pool, grill area and a bar.”
READ THE PACIFIC BUSINESS NEWS ARTICLE.
SEE THE VANGUARD LOFTS WEB SITE.
Today’s picture was taken from a unit which is for sale on the Gold Coast called the Kainalu.
Related Reading
Makakilo Gardens-$249,000
Terrace Towers-$350,000
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One of Kailua’s Best Condominium Projects
June 30th, 2008 categories: Honolulu Condominiums
As you come over the Pali to Kailua, there seems to be just one high rise condominium and that is Windward Passage. Most brokers agree that it is one of the (if not the) most desirable condominiums in the area. The ongoing redevelopment of Kailua Town makes the future of this project very bright. You may have heard that DR Horton has purchased all of the older 2 story apartments on Kailua Road across from the school. If you have not been to this area recently, I am happy to report that they have all been torn down and construction of a new condo project seems to be underway. When this construction is finished the entire area will be upgraded and this improvement should have a very positive impact local real estate values.
Over the years this unit has been a rental and could be moved into right now or someone might do a total remodel. It has the convenience of a stack washer and dryer, large storage closet in the unit and a second bedroom that can be opened to the living room. Here are more specifics.
2 bedrooms
2 baths
964 square feet interior
92 square feet of lanai
1056 square feet of total area
2 covered parking
$367 monthly maintenance fees (includes basic cable, hot water, water & sewer)
$149 a month current taxes
The building offers the luxury of being able to walk to dining, shopping and entertainment. The grounds are large and well maintained and offer the following amenities.
Dog run
Heated pool
Tennis courts
Sauna
Exercise room
Secured access entry (via fob)
Plenty of guest parking
For more details or to schedule a showing, please call me at 808-737-2093.
Related Posts To Read
King Manor-$250,000
Village Maluhia-$300,000
Makakilo Gardens-$249,000
Terrace Towers-$350,000
Palm Court
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Honolulu View Studio $250,000!
June 30th, 2008 categories: Honolulu Condominiums
So you want to be central to everything in Honolulu. How about being walking distance to Straub Medical Center, Queens Medical Center, the Municipal Building (Honolulu Hale), Blaisdale Concert Hall, Safeway, the Ward Area and much, much more. The King Manor condominium offers all of this!
This is a studio unit that has a knock your socks off view of the ocean and city of Honolulu. It has a great ground floor, full size, covered parking stall. Appointments also include washer and dryer, very usable lanai and true dining area. It is hard to believe that this is a studio.
Related Posts
Village Maluhia-$300,000
Makakilo Gardens-$249,000
Terrace Towers-$350,000
Palm Court
Ridge Home-$850,000
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Palm Court! 2 Master Bedrooms & Very Private!
June 24th, 2008 categories: Honolulu Condominiums
Palm Court is a gated community in Ewa Gentry. This unit is located away from the street and feels very private and quiet. It offers gas cooking, full size washer & dryer, large lanai and storage closet. One of its best features is that it has two bedrooms with each bedroom having its own bathroom. This makes it perfect for guests, roommates or partners to have their own privacy. It is leased through September 30, but will be available thereafter. A check of craigslist.com shows similar units asking $1,400 per month in rent. The following is a brief analysis of a possible investment scenario based on a rental rate of $1,400 per month.
Monthly Expenses
Maintenance fee $308
Ewa Gentry $34
Property Taxes $87
General Excise Tax $66
Total $495
Monthly Rent $1,400
Less Expenses $495
Net Income Before Mortgage Payments $905
An investor mortgage payment of $905 at 6.5%, amortized over 30 years will carry a mortgage of $143,100.
Based on a new loan of $143,100, a buyer of this property would need a down payment of $106,900 to be near a before tax break even cash flow.
PALM COURTS COMPARABLE SALES
Call me at 808-737-2093 or toll free at 877-737-2093 to see if this might meet your investment needs.
Note-please don’t rely on this information to make your investment decision. Make sure that you confirm the validity of the numbers contained in this analysis.
Other Investment Opportunities
Fairway Villa-$300,000
Sun Rise-$225,000
Village Maluhia-$300,000
Makakilo Gardens-$249,000
Terrace Towers-$350,000
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Great Waikiki 1 Bedroom 1 Bathroom with 1 Covered Parking!
June 24th, 2008 categories: Honolulu Condominiums
Fairway Villa is centrally located in Waikiki. It is a building that is in the process of upgrading its common areas, is well managed and has a very bright future. This 1 bedroom 1 bathroom unit is priced at $300,000 and is being sold furnished (including a flat screen television). Enjoy washing your clothes in the stacked Bosch washer/dryer. Including the large open and very usable lanai the unit has a total are of 706 square feet. A tenant has just moved out, so it is ready for you to move in now! The unit was last rented for $1695 and, given the shifting market, we are projecting a rent of $1,595. The following is a brief analysis of a possible investment scenario based on a rental rate of $1,595 per month.
Monthly Expenses
Maintenance fee $466.35
Property Taxes $100 (estimated)
General Excise Tax $75.28
Total $641.63
Monthly Rent $1,595
Less Expenses $641.63
Net Income Before Mortgage Payments $953.37
COPY FAIRWAY VILLA COMPARABLE SALES.
An investor mortgage payment of $953.37 at 6.5%, amortized over 30 years will carry a mortgage of $150,800.
Based on a down payment of $149,200, this apartment is very close to a break-even cash flow.
Call me at 808-737-2093 or toll free at 877-737-2093 to see if this might meet your investment needs.
Note-please don’t rely on this information to make your investment decision. Make sure that you confirm the validity of the numbers contained in this analysis.
Other Available Investment Properties
2 Bedroom 2 Bathroom 2 Parking $225,000
3 Bedroom near University of Hawaii!
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5 Honolulu Condo’s for Under $500,000
June 11th, 2008 categories: Buying Honolulu Real Estate, Honolulu Condominiums
Believe it or not, large 2 bedroom 2 bath apartments in Honolulu under $500,000 can be hard to find. Below are 5 that are located centrally to everything Honolulu has to offer. They are all over 1,000 square feet and are available to purchase now! Call me at 808-737-2093 or toll free at 877-737-2093 to discuss how they might fit into your plans.
Tropicana Village-Makai located in Kahala priced at $439,000
Fairway Manor located in Waikiki priced at $449,000
Waialae Gardens located in Kahala priced at $459,000
Academy Towers located in Makiki $490,000
Ala Wai Plaza located at Kapiolani and Unversity $498,000
FOR A FACT SHEET, JUST DOUBLE CLICK ON THE UNIT THAT INTERESTS YOU.
Today’s picture of Moana Pacific condominium, Hawaiki Tower condominium, Nauru Tower condominium among many other condo’s was taken from lower Makiki Heights.
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Honolulu 3 bedroom Condominium Investment
June 10th, 2008 categories: Buying Honolulu Real Estate, Honolulu Condominiums
This 3 bedroom 1.5 bathroom condominium is offered at 
$350,000 and it is in a Honolulu condominium called Terrace Towers. At 918 square feet it comes with one open parking stall. The kitchen and bathroom cabinets were changed in 2006 and the unit would make an excellent home for a first time buyer or rental income property for an investor. I checked with a local property manager and he felt that the unit would rent in a range between $1900 and $2300 per month. The following is a brief analysis of a possible investment scenario based on a rental rate of $2200 per month.
Monthly Expenses
Maintenance fee $379
Property Taxes $95
General Excise Tax $104
Total $578
Monthly Rent $2200
Less Expenses $578
Net Income Before Mortgage Payments $1,622
An investor mortgage payment of $1,622 at 6.5%, amortized over 30 years will carry a mortgage of $256,000.
Based on a new loan of $256,000, a buyer of this property would need a down payment of $94,000.
CLICK HERE TO SEE A MARKET ANALYSIS FOR TERRACE TOWERS.
Terrace Towers is a healthy walk from the University of Hawaii, two blocks from Iolani School and 5 to 10 minute drive from Ala Moana Shopping Center or Waikiki. There are four different freeway entrances a 1 to 2 mile drive from your parking stall. Do you have a student ready to attend one of the very close universities? Why pay for a dorm when you could own an investment? Call me at 808-737-2093 or toll free at 877-737-2093 to see if this might meet your investment needs.
Note-please don’t rely on this information to make your investment decision. Make sure that you confirm the validity of the numbers contained in this analysis.
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Honolulu’s Gold Coast
April 30th, 2008 categories: Honolulu Condominiums, Rants & Riffs
There is a wonderful community at the foot of Diamond Head sandwiched between Kaimana Beach and the end of Kalakaua Avenue. This area has a few classic homes, but is better known for ocean front condos and cooperatives. Many locals call it the “Gold Coast”. The name may be a result of the high prices or it could be that the area experiences terrific classic Hawaiian weather and golden sunset views. It is naturally a warm dry area, by Hawaiian standards, but it is consistently cooled by the trade winds. Its weather pattern is one of the last to turn bad. Rain can be pouring in many other places on the island and it will be clear at the end of Kapiolani Park. Maybe this is why Hawaii’s monarchy maintained beach homes in this “Golden” area.
Below are the active, pending and sold listings for individual buildings over the last year. Some buildings have had no activity over the last year, so I have included the most recent sales activity.
Sans Souci
Diamond Head Apartments
Diamond Head Ambassdor
Diamond Head Beach Hotel
Coral Strand
Tahitienne
Oceanside Manor
3003 Kalakaua
3019 Kalakaua
3056 Kalakaua
The Kainalu
The Sea Breeze
Tropic Seas
Colony Surf
2987 Kalakaua
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Honolulu’s Newest Condo is Born!
April 25th, 2008 categories: Honolulu Condominiums
Check out this article on Capitol Place. It is a beautiful building, close to downtown and offers a great deal of value.
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Regency at Kahala Condominium
April 7th, 2008 categories: Honolulu Condominiums
The Regency at Kahala was built in 1969 and is the only high-rise condominium on the ocean side of the freeway in Kahala. There are many desirable things about this building and here are a few that set it apart from most.
1. All of the units are some of the biggest (square footage wise) on Oahu. See the unit mix and sizes below.
Unit A 3 bedrooms & 2 bathrooms 1,830 square feet
Unit B 1 bedroom & 1 bathroom 1,081 sqaure feet
Unit C 2 bedrooms & 2 bathrooms 1,619 square feet
Unit D 2 bedrooms & 2 bathrooms 1,619 square feet
2. It is one of the few (2 that I can think of) buildings that have a doorman.
3. There are only four (4) units per floor. Which means you will have fewer neighbors (theoretically it should be quieter than a building with 16 units per floor) and each unit has windows on two sides
4. It is behind Kahala Mall and, therefore, walking distance to Macy’s, California Pizza Kitchen, Chili’s Restaurant, Starbucks, Jamba Juice, Barnes and Noble, an Apple Computer Store and a eight-plex movie theater. Kahala Mall will soon have a Whole Foods Market too.
5. The freeway on ramp (going to downtown or Hawaii Kai) is less than ½ mile from its driveway.
6. It is within the Kahala Elementary School district and this is one of the more desirable public schools in Honolulu.
7. Given the age of the project, many units have been remodeled and, if they have not, then you will be able to remodel your unit to your tastes.
As of this writing, there are a few units on the market with all of them asking in the $800,000’s for a 2 or 3 bedroom unit. All of them could use a good remodeling. In the last three years there have been sales in the $1,200,000 to $1,350,000 range for high floor units. See the attached market analysis for more detailed market information.
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