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.
Active
Price cut: $12K (5/18)
$168,000
2888 Ala Ilima St APT 1607, Honolulu, HI 96818
0beds
300sqft
Condominium
Built in 1978
-- sqft lot
$-- Zestimate®
$560/sqft
$532/mo HOA
What's special
- 162 days |
- 125 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Nancy Chen 808-366-7780,
Coldwell Banker Realty,
Omeo Fan 808-258-6636,
4YOU Hawaii Int'l Realty LLC
Source: HiCentral MLS,MLS#: 202603404
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
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 |
|---|---|---|
| 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 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Salt Lake
Nearby schools
GreatSchools rating
- 9/10Salt Lake Elementary SchoolGrades: PK-6Distance: 0.8 mi
- 8/10Moanalua Middle SchoolGrades: 7-8Distance: 0.6 mi
- 9/10Moanalua High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Salt Lake
- Middle: Moanalua
- High: Moanalua
Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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