Active

$168,000

2888 Ala Ilima St APT 1607, Honolulu, HI 96818

0beds

300sqft

$1,589/mo

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Condominium

Built in 1978

-- sqft lot

$-- Zestimate^®

$560/sqft

$532/mo HOA

What's special

Long leasehold through 2078 with a fixed lease rent of just $48/month through the year 2078. Excellent opportunity for a first-time buyer, investor, or convenient Oahu retreat at an affordable price point. This comfortable and well-maintained studio is located on the 16th floor of the popular Five Regents and offers mountain and city views from a large picture window. The kitchen and bathroom have been updated. Five regents feature a wide range of amenities, including a swimming pool, tennis court, BBQ area, recreation and meeting rooms, community laundry, resident manager, ample guest parking, and 24-hour security. Centrally located in Salt Lake with easy access to Tripler Army Medical Center, Pearl Harbor, the airport, Downtown Honolulu and Salt Lake Shopping Center. The current tenant's lease runs through July 2026, and the tenant would like to stay. Current rent is $1,650/month.

208 days
162
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1

Features

Flooring: Vinyl

Interior area

Total structure area: 300
Total interior livable area: 300 sqft

Property

Parking

Total spaces: 1
Parking features: Covered, One Space

Features

Has view: Yes
View description: City, Sunset
Frontage type: Other

Details

Parcel number: 1110620240138
Zoning description: 12 - A-2 Medium Density Apartme
Special conditions: None

Construction

Type & style

Home type: Condo
Architectural style: High Rise
Property subtype: Condominium

Materials

Concrete

Condition

Excellent,Good Condition,Updated/Remodeled
New construction: No
Year built: 1978
Major remodel year: 2025

Community & HOA

Community

Features: Barbecue, Community Pool, Laundry Facilities, Sauna, Tennis Court(s), Trash Chute
Security: Closed Circuit Camera(s), Key Card Entry, Security Guard
Subdivision: Salt Lake

HOA

Amenities included: Management
Services included: Common Areas, Sewer, Water
HOA fee: $532 monthly

Location

Region: Honolulu

Financial & listing details

Price per square foot: $560/sqft
Tax assessed value: $250,000
Annual tax amount: $876
Date on market: 2/11/2026
Inclusions: AC Window Unit, Disposal, Drapes, Intercom, Microwave, Range/Oven, Refrigerator, Smoke Detector
Total actual rent: 1650

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/18/2026	Price change	$168,000-6.7%$560/sqft
Source: HiCentral MLS #202603404 Report a problem
2/11/2026	Listed for sale	$180,000+5.9%$600/sqft
Source: HiCentral MLS #202603404 Report a problem
7/19/2022	Contingent	$170,000$567/sqft
Source: HiCentral MLS #202201906 Report a problem
6/6/2022	Listed for sale	$170,000$567/sqft
Source: HiCentral MLS #202201906 Report a problem
5/17/2022	Contingent	$170,000$567/sqft
Source: HiCentral MLS #202201906 Report a problem
2/3/2022	Listed for sale	$170,000$567/sqft
Source: HiCentral MLS #202201906 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$206,000 -17.6%
2025	$875 +4.7%	$250,000 +4.7%
2024	$836 +6.1%	$238,800 +6.1%
2023	$788 +4.9%	$225,100 +4.9%
2022	$751 -0.7%	$214,500 -0.7%
2021	$756 +0.4%	$216,000 +0.4%
2020	$753 -3.2%	$215,200 -3.2%
2019	$778 +8.9%	$222,300 +8.9%
2018	$714 +3%	$204,100 +3%
2017	$693 +6%	$198,100 +6%
2016	$654 +10.9%	$186,800 +10.9%
2015	$589 +5.1%	$168,400 +2.5%
2014	$561	$164,300