About 2888 Ala Ilima Street # 1607
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.
Features of 2888 Ala Ilima Street # 1607
| MLS® # | 202603404 |
|---|---|
| Price | $168,000 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 300 |
| Acres | 1.15 |
| Year Built | 1978 |
| Type | Residential |
| Sub-Type | Condominium |
| Style | High Rise |
| Status | Active |
Community Information
| Address | 2888 Ala Ilima Street # 1607 |
|---|---|
| Area | Metro |
| Subdivision | SALT LAKE |
| City | Honolulu |
| County | Oahu |
| State | HI |
| Zip Code | 96818 |
| Condo Name | Five Regents |
Amenities
| Amenities | Management |
|---|---|
| Parking Spaces | 1 |
| Parking | Covered, One Space |
| Garages | Covered, One Space |
| View | City, Sunset |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Interior | Vinyl |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Concrete |
|---|---|
| Construction | Concrete |
School Information
| Elementary | Salt Lake |
|---|---|
| Middle | Moanalua |
| High | Moanalua |
Additional Information
| Date Listed | February 11th, 2026 |
|---|---|
| Days on Market | 217 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Lease Fee | $48 |
| Monthly Maintenance Fee | $532 |
Listing Details
| Office | Coldwell Banker Realty |
|---|---|
| Contact Info | (808) 738-3904 |