DESCRIPTION: Mixed Leasehold & Fee Simple condominium. Lease on Leasehold units expires 2039. Lessor is KDI Investments. Wailana is a 24 stories high-rise located across the street from the Hilton Hawaiian Village and diagonally across Fort DeRussy. It was completed in 1970. There are a total of 186 units in two bedrooms/two baths configuration plus penthouse models. Some owners have since modified interiors. All 205 parking stalls in the building are conveyed with the units. No guest parking. Amenities include a swimming pool and recreation room.

SECURITY: Secured elevator requiring pass key, private security guard on premise, security screen doors on units.

PETS: Dogs, cats, birds are permitted. Parrots are not allowed.

SUPERMARKETS: Food Pantry - 444 Hobron Lane, Daiei Holiday Mart - 801 Kaheka Street, Foodland at Ala Moana Center.

REGIONAL MALL: Ala Moana Center - 1450 Ala Moana Boulevard.

PUBLIC SCHOOLS: Ala Wai for elementary, Washington for intermediate and Kaimuki for high school.

COMMENTS: The building structure looks massive for 186 units. Reason is the units are huge consisting of nearly 1,300 gross square feet (living & lanai) area. Location is a very busy intersection so expect street traffic until late in the evening. But because the building is central air-conditioning, residents claim the street noise is not noticeable. Ground floor are commercial spaces including the Wailana Coffee House. There are also commercial offices located on the 4th floor. Minimum rental is 3 months per condo association rules.