Perfect 1031 Exchange! 3% return on cash purchase. Strong tenant paying $5, 600/mo thru 6/30/26 w/ 3-mo extension option. Priced below assessed value! Ocean view will remain, partially obstructed by final Ward Village buildings (see photos). Potentially assumable $740K loan at 4.375% (see supplements). Seller may consider 2nd mortgage. Two covered side-by-side parking stalls on lobby level + 22 guest stalls. Koula offers top-tier amenities: private dining rooms, event kitchens, indoor/outdoor fitness centers, & large soon to be completed park w/ Dean & DeLuca caf. New pedestrian bridge provides access over Ala Moana Blvd to Kewalo Basin Harbor & Ala Moana Beach Park w/ tennis courts & surf. Prime location within walking distance to restaurants, shops, Ward theaters & local eateries. 5 min drive to Downtown, Waikiki & UH Manoa. 12 min to HNL airport.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Bedroom on Main Level
- Full Bath on Main Level
- Handicap Access
- Furnished Description: Partially
- Flooring: Ceramic Tile, Hardwood
Heating and Cooling
- Cooling Features: Central Air
Other Rooms
Pool and Spa
- Pool Features: Heated
- Spa Features: Community
Garage and Parking
- Garage Spaces: 2
- Parking Features: Assigned, Covered, Garage, Guest, Two Spaces, Secured
- Parking Total: 2
Home Features
- View: Canal, Coastline, City, Mountain(s), Ocean, Sunset
- Security Features: Closed Circuit Camera(s), Elevator Secured, Key Card Entry, Fire Sprinkler System, Security Guard
Homeowners Association
- Association: Yes
- Association Amenities: Management
- Association Fee: 31
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
- Association Fee Includes: Cable TV, Internet, Maintenance Grounds, Maintenance Structure, Sewer, Water
- Calculated Total Monthly Association Fees: 31
- Association Name: Ward Villa
- Maintenance Expense: 1276.78
- Pets Allowed: Call
Amenities and Community Features
- Community Features: Barbecue, Clubhouse, Community Pool, Conference/Meeting Room, Deck/Porch, Dog Park, Fitness, Playground, Patio, Pool, Recreation Area, Sauna, Trash Chute
Other Property Info
- Annual Tax Amount: 10157.04
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Inclusions: AC Central, AC Split, Auto Garage Door Opener, Cable TV, Chandelier, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector, Washer
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: KAKAAKO
- Parcel Number: 1-2-3-002-112-0350
- Postal City: Honolulu
- Subdivision: KAKAAKO
- Zoning Description: 13 - A-3 High Density Apartment
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 968
- Year Built: 2021
- Building Area Total: 968
- Building Name: Koula
- Construction Materials: Double Wall, Concrete, Steel Frame
- Entry Level: 26
- Levels: One
- Property Age: 4
- Property Condition: Excellent
- House Style: High Rise
- Total Area Sqft: 968
- Architectural Style: High Rise
