Building Analysis - Waikiki Sunset: Waikiki Sunset is located on a quieter side street. A walk to the beach is only 1-Ĺ blocks. The condominiums are largely rented out through Astonís Hotel program, which yields a market driven income and is advertised by Aston as a family hotel. Owners are free to manage units themself or hire a 3rd party property manager.
Air conditioning is central. Security features include hotel staff and private guards.
While most units have recently converted to Fee Simple, there primary 2 land owners in the building, Liliu'okalani trust and St Francis Hospital. The lease expires in 2036 for the leasehold units.
Waikiki Sunset was originally zoned has a hotel but has since been rezoned as a residential building. As a result, only owners that have maintained a non conforming use certificate to allow for overnight rentals may legally rent their units out for less than one month, Honolulu's Department of Planning and Permitting maintains a list of Non Conforming Use Certificates here: http://www.honoluludpp.org/Portals/0/pdfs/HotIssues/NUCreport.pdf
Lender Statistics - Waikiki Sunset
Management Co: Hawaiiana 593-9100
Owner Occupancy: 20%
Condo Type: Condotel
Typical Loan Options and Down Payment Requirements:
100% down - Lenders are currently not lending on studios without a full kitchen (hotel rooms)
Condotel unit with Full Kitchen:
30% down with minimum credit score of 680
Paul C. Ford Realtor (R) RB 19144 Honolulu Condo Sales Buyer's Agent
Jonathan Ford Realtor (R) RB 20279 Honolulu Property Finds Buyer's Agent
Condominium Configurations - Waikiki Sunset
601 - 631 SF
This standard configuration is a comfortable suite.
Found in units: 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12
Corner End unit has sunset views and two small bedrooms.
Found in units: 13, 14
2 - Penthouse Suite
1,209 - 1,308 SF
Penthouses are on floor 38 and are twice the size os a standard unit.
The above active listings are based on information from the Multiple Listing Service of the Hicentral MLS, Ltd. Active listings last updated on 4/30/2016. Information is deemed reliable but not guaranteed. Copyright: 2016 by the Hicentral MLS, Ltd. more.