Perfect 1031 Exchange! 3% return on cash purchase. Strong tenant paying $5,600/mo thru 6/30/26 w/ 3-mo extension option. Priced below assessed value! Ocean view will remain, partially obstructed by final Ward Village buildings (see photos). Potentially assumable $740K loan at 4.375% (see supplements). Seller may consider 2nd mortgage. Two covered side-by-side parking stalls on lobby level + 22 guest stalls. Koula offers top-tier amenities: private dining rooms, event kitchens, indoor/outdoor fitness centers, guest suites where visiting family and friends can stay for $200 per night, a Dean & DeLuca café in the lobby & a large soon to be completed attached park. New pedestrian bridge provides access over Ala Moana Blvd to Kewalo Basin Harbor & Ala Moana Beach Park w/ tennis courts & surf. Prime location within walking distance to restaurants, shops, Ward theaters & local eateries. 5 min drive to Downtown, Waikiki & UH Manoa. 12 min to HNL airport.