Finding Hawaii’s Affordable Condos
In addition to the convenience of its location between Kaimuki, Waikiki, and the University area, the small town ambiance of Moiliili is another reason for the neighborhood’s increasing appeal to new residents.
A typical Moiliili block might include highrises and town-homes interspersed with 80-year-old cottages, chain stores, specialty shops, contemporary boutiques, “mom and pop” markets, ethnic restaurants, fast food outlets, office buildings, and banks.
Although Moiliili is densely developed it incorporates large pockets of open space. The 14-acre Ala Wai Community Park and Community Garden, the 15-acre Ala Wai Neighborhood Park, and the Ala Wai Promenade extend along the makai boundary of Moiliili. The Old Stadium Park at King and Isen-berg was kept in open space after the demolition of the Hon-olulu Stadium in 1976. The Triangle Park with its tori gate marks the entrance to Moiliili and stands as a reminder of its Japanese heritage.
The diverse population mix includes families who have lived in the same place for generations and new residents at tracted by the numerous options in public and private schools in the neighborhood or close-by, including the University of Hawaii’s Manoa Campus, and cultural and recreational resources.
Condominiuim developers recognized the potential of Moiliili and invested in a number of quality highrise projects in the area in the early to mid 1970s, many the work of major architects and builders of the time. For the most part, they have been well managed and well maintained; individual owners have been remodeling and upgrading their units.
A case in point is a remodeled studio unit in the Hale Kulanui at 2740 Kuilei Street. The 27-story tower with 180 studio and one bedroom units presents an attractive facade enhanced by the surrounding landscaping. The 417 square foot, 12th floor studio is offered at $250,000 fee simple including one assigned parking space.
Listing Realtor Radji Tolentino of Island, REALTORS noted that the unit looks out across the city to Manoa Valley and the mountains.
“My client purchased the condo for his daughter to live in while attending the University of Hawaii because of the proximity of the campus and security features of the building. She has now graduated, so he decided to put it on the market.
“This unit is ideal not only for a student but for anyone working in the area who also likes the idea of being within walking distance of a variety of shops and restaurants, as well as having easy access to Ala Moana, Waikiki with its night life and beaches, and downtown. These days, people are less and less inclined to spend a lot of time driving…the high cost of gas is something to consider as well as how much of your leisure time you want to give up getting from one place to another.
“Investors are picking up good buys in Moiliili condos. The one my client is offering is in excellent condition. The kitchen and bathroom, both with ceramic tile floors, were updated in 2009. Last year, the entire unit was repainted and the main living area and sleeping alcove recarpeted. Other nice features include two lighted ceiling fans and large operable windows to take advantage of views and ventilation.”
Tolentino pointed out that the building is pet friendly and has excellent common area amenities including a library / study room, party room, exercise room, recreation deck with barbecue areas, and swimming pool.