Built in 1968, 254 Units on 15 Floors, All Studio Units except 1BR Penthouse, Pets: No.
Amenities include Pool, Concierge, Exercise Room, BBQ, Restaurant.
Some units have a view of the ocean!
About Aloha Surf Hotel Sometimes the simple solutions are the best ones and you just might have found one here. An Aloha Surf Hotel condo is an easy, affordable way for you to get into the Hawaii investment property market. Not just an investment, but an income-producer, in the always booming Island tourist trade.
There are very few owner-occupants and most are attracted by the earning potential of these units. The fact that they are almost exclusively studio layouts, and on the smaller side, makes them best suited for the vacationer. Regardless, there are many benefits to staying here, whether that's you or your guests.
Start with the location. The Aloha Surf is right in the middle of the prime section of Waikiki. Walk 2 blocks south and you're steps from the walled-in lagoons that offer calm waters and the most active sands in the neighborhood.
That same stroll takes you to the shopping paradise of Kalakaua Ave, with all its designer stores and enticing restaurants. Not to mention the fact that you're ½ a block from the only supermarket in the entire neighborhood. A definite selling point to visitors looking for a Waikiki condo to rent.
The units themselves are primarily in the 220 to 320 sq ft range, with some over 400 sq ft. All have a refrigerator and microwave, important ingredients to a vacation rental taken care of already. The larger condos have lanais, usually around 45 sq ft in space, and, as mentioned, there's a few that even have some view of the ocean.
The hotel is managed by Aqua Resorts, including concierge service, so that important element is in place. Aqua's resources and reach mean you can turn over things almost completely to them, leaving the day-to-day worries on their shoulders.
It's all here - a property already popular with vacationers, excellent location and good amenities, all in one package. You couldn't ask for an easier way to get started in Hawaii's investment property game.
The price range of condos for sale in Aloha Surf Hotel is $219K to $249K with a median price of $239K and median interior of 315sf.
The median price of condos sold in Aloha Surf Hotel year-to-date (Jan - Apr 25, 2017) is $216K. In previous years it was $186K (2016), $170K (2015), $159K (2014), $150K (2013), $125K (2012), $121K (2011), $118K (2010), $116K (2009), $147K (2008), $152K (2007), $178K (2006), $159K (2005).
4 condos have sold in Aloha Surf Hotel year-to-date (Jan - Apr 25, 2017). In previous years, the total number of condos sold were 11 (2016), 16 (2015), 18 (2014), 20 (2013), 11 (2012), 10 (2011), 14 (2010), 8 (2009), 4 (2008), 10 (2007), 57 (2006), 146 (2005).
On average Aloha Surf Hotel condos were on the market for 98 days before they were sold (Jan - Apr 25, 2017). In previous years it was 78 days (2016), 106 days (2015), 77 days (2014), 77 days (2013), 104 days (2012), 99 days (2011), 102 days (2010), 59 days (2009), 123 days (2008), 81 days (2007), 29 days (2006), 3 days (2005).
The average days on market for Aloha Surf Hotel condos before sold was 98 days March 2017.
The ratio of Aloha Surf Hotel condos sales price vs list price was 92.4% March 2017
4 Aloha Surf Hotel condos were sold March 2017
The total dollar volume of condos currently for sale in Aloha Surf Hotel is $1.65M and the sold dollar volume year-to-date (Jan - Apr 25, 2017) is $859K. In previous years sold dollar volume was $2.09M (2016), $2.58M (2015), $2.81M (2014), $2.89M (2013), $1.35M (2012), $1.2M (2011), $1.63M (2010), $967K (2009), $567K (2008), $1.54M (2007), $10.49M (2006), $24.51M (2005).
The most recent sale in Aloha Surf Hotel was a condo located at #1405 , sold for $220K on Mar 28, 2017. It had 320sf of interior. 9 other recent sales include: #1406 (316sf) sold for $215K on 3/20/2017. #601 (315sf) sold for $217K on 3/8/2017. #1104 (322sf) sold for $207K on 3/3/2017. #912 (261sf) sold for $199K on 12/21/2016. #603 (318sf) sold for $205K on 11/29/2016. #207 (224sf) sold for $159K on 11/21/2016. #404 (322sf) sold for $186K on 9/30/2016. #300 (218sf) sold for $160K on 9/13/2016. #1508 (320sf) sold for $210K on 7/12/2016.
In Aloha Surf Hotel there is currently 7 fee simple units for sale. 2 of the condos have ocean views, 1 has Diamond Head views and 2 have mountain views.