Building Analysis - Ka Laʻi Waikiki Beach: ~ by Jonathan Ford Building and Site Features
Ka La'i Waikiki Beach (formerly Trump Tower ) is a condotel resort high-rise made up of glass, steel and poured concrete that allows short term vacation rentals and has a hotel program. Owners may use the in-house hotel program or an approved 3rd party property manager. Guests and residents enjoy a fantastic location just steps from Waikiki beach, the expansive greens of Ft. DeRussy park and shopping, dining of the billion dollar Beachwalk renovation.
Common Areas for Residents
Residents and guests enter the stylishly covered porte a cochere to be greeted in 5-star style by bellman and valet. All parking is via valet and owners are guaranteed a stall during their stay. Two banks of elevators can take residents directly to their floor or guests checking-in to the posh high-celling lobby which contains a lounge area, swimming pool with hot tub, bar, restaurant and more - all with ocean views. The next floor up contains sophisticated business meeting rooms, a small library with computers and printer, a good sized exercise room with state of the art equipment and free-weights. There is also a full service spa.
Lodging unit/Condotel:
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
Private Condo Features
Floors 8-23 are considered the “Suite Levels” and contain mostly studios and one bedroom units geared to short term stays. Floors 24-34 are the called the “Residence Level” and mainly feature 2 and 3 bedroom units while the most impressive units are found on floors 35+ which are considered the Trump level penthouses.
All one+ bedroom units come with a full sized kitchen with top of the line appliances and finishes, washer dryer while the studios will typically have a 2 burner cooktop, built-in microwave, a micro fridge but no washer-dryer - although concierge laundry service is available through the hotel. The typical unit flooring is travertine tile in the entry and kitchen, marble tile in the bath, ceramic tile on the lanai and carpeting elsewhere. Marble countertops grace the kitchens and bath.
The Bottom Line Best features: Excellent location and top quality building with some of the highest-end finishes in Honolulu.
Potential drawbacks: This is a luxury project and purchase. The income from the rental program will go a long way towards offsetting the maintenance fees, resort fees and property taxes, but investors solely looking to maximize ROI in terms of capitalization rate should probably look elsewhere.
entrance porte-cochere with valet parking and elevator to ocean view upper lobby
Infinity pool with hot tub and kiddie pool
Business meeting room on the Spa level available to guests,
Free weights, treadmills, ellipticals, and more in the well equiped gym at the Spa level.
Elegant elevator lobbies
Ka Laʻi Waikiki Beach Floors 8-23
Ka Laʻi Waikiki Beach Floors 24-34
Condominium Configurations - Ka Laʻi Waikiki Beach
Bedrooms:
Studio Apt.
Baths:
1
Square Feet:
353 - 545 SF
Lanai:
0-77 sf
Qty:
0
Found in units: 05, 07, 09, 17, 06, 08, 10, 12, 14, 16, 18, 20
Bedrooms:
1
Baths:
2
Square Feet:
1,115 - 1,154 SF
Lanai:
154 sf
Qty:
0
Found in units: 11, 13, 15
Bedrooms:
2
Baths:
3
Square Feet:
1,542 - 1,673 SF
Lanai:
175-210 sf
Qty:
0
Found in units: 03, 05, 07
Bedrooms:
3
Baths:
3
Square Feet:
75 SF
Lanai:
NA
Qty:
0
Found in units: 09
The above active listings are based on information from the Multiple Listing Service of the Hicentral MLS, Ltd. Active listings last updated on 12/8/2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by the Hicentral MLS, Ltd. more.
Floors 8-23 are considered the “Suite Levels” and contain mostly studios and one bedroom units geared to short term stays. Floors 24-34 are the called the “Residence Level” and mainly feature 2 and 3 bedroom units while the most impressive units are found on floors 35+ which are considered the Trump level penthouses.
All one+ bedroom units come with a full sized kitchen with top of the line appliances and finishes, washer dryer while the studios will typically have a 2 burner cooktop, built-in microwave, a micro fridge but no washer-dryer - although concierge laundry service is available through the hotel. The typical unit flooring is travertine tile in the entry and kitchen, marble tile in the bath, ceramic tile on the lanai and carpeting elsewhere. Marble countertops grace the kitchens and bath.
The Bottom Line
Best features: Excellent location and top quality building with some of the highest-end finishes in Honolulu.
Potential drawbacks: This is a luxury project and purchase. The income from the rental program will go a long way towards offsetting the maintenance fees, resort fees and property taxes, but investors solely looking to maximize ROI in terms of capitalization rate should probably look elsewhere.