Market Intelligence

is located on a quieter side street. A walk to the beach is only 1-½ blocks. The condominiums are largely rented out through Aston’s 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 Waikiki Sunset -