Exceptional Waikiki investment opportunity! This rare 2-bedroom, 1-bath leasehold condo with legal short-term rental (STR) status delivers outstanding income performance, grossing over $116,000 in 2025! A true turn-key opportunity ideal for investors or owner-users seeking strong potential cash flow in the heart of Waikiki. Fully furnished and turn-key, the unit has been beautifully renovated with modern finishes, thoughtful design, and an ideal sleeping arrangement designed to maximize rental performance. Enjoy year-round comfort with a split AC system and relax on your private patio with outdoor seating, overlooking a tranquil canal view. The building features desirable amenities including a swimming pool and BBQ area, and water, cable and Internet are included in the maintenance fee. Seller currently rents parking from a nearby building. Conveniently located in Waikiki, just moments from shopping, dining, beaches, and entertainment. Leasehold property - Long lease til 2041, offering an outstanding opportunity to own a high-performing property in one of Honolulu's most sought-after destinations.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Flooring: Ceramic Tile, Vinyl
Exterior and Lot Features
Home Features
- View: Canal, City
- Security Features: Key Card Entry, Security Guard
Homeowners Association
- Association Amenities: Management
- Association Fee Includes: Cable TV, Hot Water, Internet, Water
- Maintenance Expense: 777.92
Rental Info
- Lease Amount: 402.79
- Lease Expiration: 2041-12-31
Amenities and Community Features
- Community Features: Barbecue, Clubhouse, Community Pool, Deck/Porch, Patio, Trash Chute
Other Property Info
- Annual Tax Amount: 4059
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Inclusions: AC Split,Blinds,Cable TV,Ceiling Fan,Linens,Microwave,Range/Oven,Refrigerator,Smoke Detector
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Parcel Number: 1-2-6-014-026-0065
- Postal City: Honolulu
- Subdivision: WAIKIKI
- Zoning Description: X6 - Resort Mixed Use Precinct
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 674
- Year Built: 1971
- Building Area Total: 674
- Building Name: Royal Aloha
- Common Walls: End Unit
- Construction Materials: Concrete
- Entry Level: 8
- Levels: Three Or More
- Property Age: 55
- Property Condition: Good Condition, Updated/Remodeled
- Levels or Stories: Three Or More
- Year Built Effective: 2024
- Architectural Style: High Rise