Investor opportunity at the iconic Ilikai in Waikiki! This turnkey condo offers desirable city and mountain views and a coveted address at the gateway to Waikiki - Close to Ala Moana Beach Park, Hilton Lagoon, Waikiki Beach, and Ala Moana Center. Unit is Teanant-occupied and generating $2,500/month in rental income, with the current fixed lease in place through 12/31/2026 - enjoy immediate cash flow with a seamless transition or plan ahead for your own island retreat. As one of Waikiki's few legal condotels, the Ilikai permits short-term vacation rentals with on-site management. Building amenities include pools, valet parking, 24-hour security, restaurants, Paradise Poke, Aroma Caffe, Dave Ice Cream Shop, Soho New York Salon, Gift shop, Empire Steak House and direct beach access. A rare chance to own a piece of Honolulu's most recognizable landmark.
| MLS # | 202616354 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Building Name | Ilikai Apt Bldg |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 26 |
| Listing Provided By | Marina Hawaii Vacations | Mei Ling Ng |
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 500 |
| Zoning | X6 - Resort Mixed Use Precinct |
| Water Front | Yes |
| Property View | City, Mountains |
| Construction Materials | Double Wall, Concrete |
|---|
| Inclusions | AC Split, Blinds, Kitchenware, Microwave, Range/Oven, Refrigerator, Smoke Detector |
|---|
| Community Features | Community Pool, Deck Porch, Patio, Pool, Restaurant, Trash Chute, Condo Hotel Community |
|---|---|
| Security Features | Closed Circuit Cameras, Fire Sprinkler System, Security Guard |
| Property | 2043 |
|---|
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| School District | Kaimuki |
| Elementary School | Ala Wai |
| High School | Kaimuki |
| Listing VS Median (in WAIKIKI) | |
Price: $539,000 low | high Med: $450,000 sqft: 500 low | high Med: 928 $ / sqft: $1,078 low | high Med: $485 On site: 26 low | high Med: 47 | |
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| School District | Kaimuki |
| Elementary School | Ala Wai |
| High School | Kaimuki |
| Listing VS Median (in WAIKIKI) | |
Price: $539,000 low | high Med: $450,000 sqft: 500 low | high Med: 928 $ / sqft: $1,078 low | high Med: $485 On site: 26 low | high Med: 47 | |