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Discovery Bay Center

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  Discovery Bay Center Quick Facts:

Year Built: 1977 Units: 665
Stories: 42 Elevators: 8
High School: Kaimuki
Middle School: Washington
Elem. School: Jefferson

Unit# 3908 in Discovery Bay Center

1778 Ala Moana - Waikiki - West
MLS#: 202401720
$350,000 Leasehold
Original List Price: $350,000
Days On Market: 83

Unit Information
Bedrooms: 1 Living Area: 683 SF Parking: 1 stall
Baths: 1 Full Lanai: 86 SF    
Condition: Excellent Total SF: 769 SF View: City, Diamond Head
Listing Agent Remarks:   "this high floor, spacious 1-bedroom unit has been updated and well maintained offering you a turn-key experience to enjoy the iconic lifestyle at discovery bay in waikiki. offered fully furnished, you can simply bring your suitcase and move right in and enjoy hawaii living on your terms. currently tenant occupied, this would also make a wonderful investment property as you could earn income on day 1 too. discovery bay has been making headlines as the aoao has been acquiring the fee interest and now the aoao owns nearly 97% of the fee interest. starting in 2024, you could even purchase the majority fee simple interest and reduce your monthly expenses. although this is currently a leasehold building, discovery bay homeowners association recently purchased additional leasehold interest that will make this a 96.893% fee simple unit. fee interest can be acquired and conveyed to this unit in early 2024. this is a qualified fee simple building, meaning it will be 100% fee simple in the future." ~ portfolio

Financial Information
 Property Taxes:  $170 per month [Tax Info]
 Lease Rent:  $406.28 per month
 Maintenance Fees:  $917 per month
  Maintenance Fee pays for: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water
  Maint. Fee/Interior SF: $1.34/sf   Maint. Fee/Total SF: $1.19/sf

Leasehold Information
Fee Available - Fee Purchase Price: $129816
Monthly Lease Rent: $406.28 (mentioned above)
Renegotiation Date:
Lease Year: 2039
Expires: 12/31/2039
Learn more about Leasehold Properties



Additional Information
Flooring: Ceramic Tile, Vinyl
Unit Features: Central AC, Single Level
Furnished: Full
Disclosures: Property Disclosure Statement  - Attribution Contact (808) 735-5585
Parking Features: 1 stall(s), Assigned Stall, Stalls Covered: - 1

Rental Income: $2500


 

 

 

 

 

 

 

 

 

 

 

 

 




Neighborhood Information


HIcondos.com:
Our specialty is helping buyers find the right condo in Honolulu, Downtown to Diamond Head, and representing their best interests.

This is not our listing and we do not represent the sellers of this property.

>> Discovery Bay Center's AOAO Biennial Registration
The following data is available in the above AOAO Biennial Registration (provided by eHawaii.gov) link:
  • Owner Occupancy?: Check Section 6
  • Maintenance Fees?: Check Section 8
  • Special Assessments?: Check Section 9
  • Pets Permitted?: Check Section 12


  • Lender Statistics - Discovery Bay Center

    Owner Occpt %:   38%
    Condo Type:   Regular
    Management Co:   Bill Samaritano 941-3307
    Typical Loan Options and Down Payment Requirements:

    Standard Condo: 20% down

    Standard Condo/Non-US Buyer: 35% down

    The above active listing information is based on information from the Multiple Listing Service of the Hicentral MLS, Ltd. Active listings last updated on 5/16/2024. Information is deemed reliable but not guaranteed. The information has not been verified by HIcondos.com or it's associates and should be verified by the buyer. Copyright: 2024 by the Hicentral MLS, Ltd. more.