← 85-104 Alawa Pl, Waianae, HI 96792 · All properties

DESCRIPTION-FULL-2026-04-12 - 85-104 Alawa Pl, Waianae, HI 96792.md

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**Co-living Rental in Waianae, Hawaii** ## Offering Details - [Earl Co](https://loftyassist.com/profiles/eco) purchased beneficial interest in this property through a [title-holding trust](https://www.dropbox.com/scl/fi/iuepahh5t46zycc6thwlg/85-104-Alawa-Pl-Trust.jpg?rlkey=nz1p8zn0n66a7g2qm294px2l2&dl=0), with [Equity Holding Corp.](https://equityholdingcorp.com/) as Trustee. The beneficial interest was assigned to a new LLC and he is selling a portion of the LLC on the Lofty Marketplace. This p

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**Co-living Rental in Waianae, Hawaii**

## Offering Details
- [Earl Co](https://loftyassist.com/profiles/eco) purchased beneficial interest in this property through a [title-holding trust](https://www.dropbox.com/scl/fi/iuepahh5t46zycc6thwlg/85-104-Alawa-Pl-Trust.jpg?rlkey=nz1p8zn0n66a7g2qm294px2l2&dl=0), with [Equity Holding Corp.](https://equityholdingcorp.com/) as Trustee. The beneficial interest was assigned to a new LLC and he is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the trust.
- Tokens represent direct ownership in the LLC that is the beneficiary of the trust that owns the property. Earl will maintain at least 10% ownership in the LLC indefinitely.
- [Assignment of Beneficial Interest](https://www.dropbox.com/scl/fi/a3c2zlub9y922x21mr6bq/Assignment-of-Beneficial-Interest-85-104-Alawa-Pl-Waianai-HI-96792.pdf?rlkey=x877hta24fwbyz0rtqv7oiqu5&dl=0)
- [View LLC Documents here](https://www.dropbox.com/scl/fo/p5cvz9fhrosk1opakzmkq/AJdvhIMyugn9uWYxmALFgEQ?rlkey=bbj93ug1eb4mdpvppec49qu0q&st=ewrcxseh&dl=0)

## Property Details
- [View Property Walkthrough](https://www.dropbox.com/scl/fi/41lwmld67sdid03ghzwq6/Walkthrough-HD.mp4?rlkey=dtg6pomwcvo42pm4vux33x3wf&st=pgq8min7&dl=0)
- [View Rental Analysis](https://www.dropbox.com/scl/fi/4z8gqes2wsswzdpxrqaqe/Rental-Analysis-85-104-Alawa-Pl-Waianae-HI-96792.xlsx?rlkey=mdqxjunct72ojlsodecmfujpj&st=thzxrbzn&dl=0)
- Spacious perimeter lot with a beautifully crafted rock wall fence, perfect for entertaining, gardening, or pets.
- Modern upgrades include vinyl plank flooring, [PV panels (leased)](https://www.dropbox.com/scl/fi/se75rahfwt482e5yeu0a5/Solar-Agreement-85-104-Alawa-Pl-Waianai-HI-96792.pdf?rlkey=kk1lzkhoftv89072uwr15qy1u&dl=0), a newer roof, and energy-efficient windows to keep utility costs low.
- Oversized 2-car garage offers ample storage, while the ensuite provides a flexible space for a home office, study, or nursery.
- Located near a serene lagoon, beaches, and prime fishing spots, with no HOA or maintenance fees for added freedom.

## Property Management and Insurance
- Managed by the seller, [Earl Co](https://www.airbnb.com/users/show/44434571)
- [Property Management Agreement](https://www.dropbox.com/scl/fi/24dx4xy5xc5lu1vebw24m/Property-Management-Agreement-85-104-Alawa-Pl-Waianae-HI-96792.pdf?rlkey=cra65fnoflftfswofay559cje&st=ua6z48dh&dl=0)
- [Beneficiary Management Agreement](https://www.dropbox.com/scl/fi/gcsasnjlig2aagdwgyn82/Beneficiary-Management-Agreement-85-104-Alawa-Pl-Waianae-HI-96792.pdf?rlkey=qa1v3csr0s3hd4acaqrrllgro&dl=0)
- [Occupancy Agreement](https://www.dropbox.com/scl/fi/g1y7rn64u1ixggt6jd6zb/Occupancy-Agreement-85-104-Alawa-Pl-Waianae-HI-96792.pdf?rlkey=jnjrszxb53kaajz71ngcznafr&dl=0)
- [Insured by Allstate](https://www.dropbox.com/scl/fi/dwjn15rcwdaihw18sn4dx/Insurance-Policy-85-104-Alawa-Pl-Waianai-HI-96792.pdf?rlkey=6imelmlrt5j9jkleble50r2mb&dl=0)

## Property Leverage
- This property has a loan balance of $636,951.35 as of 10/14/25. View the loan agreement and recent statement [here](https://www.dropbox.com/scl/fi/cqicg5agct0ps0ifco8zp/Mortgage-Statement-85-104-Alawa-Pl-Waianae-HI-96792.jpg?rlkey=29wpie9cfvxtnt8hbkh5zffbo&st=tezhbqkw&dl=0)
- As the seller, [Earl Co](https://www.airbnb.com/users/show/44434571), pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

## Occupancy Status
- [Owners-Only Direct Stay](beachliving.directstays.com)
- [View PadSplit Listing](https://www.padsplit.com/rooms-for-rent/listing/15158?referralCode=BC0B179A&ref_source=listing&ref_device=desktop&ref_role=host)

## Location Data
- "C-" Rating for Zip Code on [Niche](https://www.niche.com/places-to-live/z/96792/)

## Due Diligence Documents
- [Appraisal](https://www.dropbox.com/scl/fi/pkoqkvkg1j7jlaf2b250j/Appraisal-85-104-Alawa-Pl-Waianae-HI-96792.pdf?rlkey=vcfq464gp1qeq882l2r2o6u21&st=armxihuq&dl=0)
- [BPO](https://www.dropbox.com/scl/fi/k261ezhwa9skttkt8tbtp/Broker-Price-Opinion-BPO-85-104-Alawa-Pl-Waianae-HI-96792.pdf?rlkey=1jm95jzf93djdqyuk3k330q9j&st=emfjit7l&dl=0)
- [P&L Statement](https://www.dropbox.com/scl/fi/zvm2y5clsu65bmd81f1l8/P-L-85-104-Always-Pl-Waianae-HI-96792.xlsx?rlkey=m3sqr4ef89k897wqguvouo4ar&dl=0)
- [Inspection Report](https://www.dropbox.com/scl/fi/x0h1lfhh5wymlfixqbsxs/Inspection-Report-85-104-Alawa-Pl-Waianae-HI-96792.pdf?rlkey=76cro3wnzgkmevhddt8myaovy&st=9706ce04&dl=0)
- [Operating Agreement](https://www.dropbox.com/scl/fi/80padr50f2gmynzx0gi6s/Operating-Agreement-Poodle-LFTY0452-DAO-LLC.pdf?rlkey=kaq38j1ejmezfcv0fr5jvp17g&st=ouvzcji2&dl=0)
- [View All Documents](https://www.dropbox.com/scl/fo/rdzcea7p6wf8ah4nkt5vu/AEYjZb0aBGUC7xVWofhWXCU?rlkey=l7g9od347fpmtoww9xx0jw1hi&st=8fpufu81&dl=0)
- [View All Updates](https://www.loftyassist.com/properties/01JP0PKYWK2E02TW4S92MH6K8H)