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Friday, June 7, 2013

Open House of the Week: Affordable apartment on the Ala Wai

photos: courtesy of coldwell banker pacific properties

If you’ve dreamed of owning an apartment in Waikiki—and don’t mind buying leasehold—a new listing on the Ala Wai Canal with a $128,000 price tag might interest you.

Just put on the market this week, the one-bedroom, one-bath unit in the Royal Aloha has been recently renovated with granite countertops and new appliances, cabinets and tile.


“It’s a great location, close to the beach, close to public transportation,” says realtor James Lewis. “It’s being sold fully furnished. It’s in turn-key condition.”


While the apartment isn’t terribly large, 513 square feet, Lewis points out that it includes a comparatively spacious 50 square foot lanai with an view of the mountains, Ala Wai Canal and the Ala Wai Golf Course.

Parking isn’t included, but the beach is within walking distance and public bus lines are even closer. “It’s perfect for people working in the area,” notes Lewis.

The location also makes it convenient for UH students. Alternatively, several of the units in the building are used as vacation rentals, with rates ranging from $90 to $150 a night.

The unit is $128,000 leasehold. The lease expires January 2042.

You can check it out yourself at an open house on Sunday from 2 to 5 p.m. Visit Coldwell Banker Pacific Properties for more information.

Money talk: $128,000 leasehold
Contact: James Lewis, (808) 738-3909
MLS: 201326349

Posted on Friday, June 7, 2013 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.

Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.

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