Beautifully renovated studio with kitchenette and spectacular Ocean, Diamond Head, Ala Wai and mountain views perfect for investors. The Hawaiian Monarch is legal for short term and vacation rentals, as well as long term rentals, and is ideal for Airbnb with its fabulous amenities including a resort type pool, hot tub, barbeque grills, picnic area, fitness center, laundry, restaurants, pub and convenience store, and is an centrally located near Waikiki's beaches, restaurants, shops and bus lines and in walking distance of the Ala Moana Mall. The building is very secure with 24 hour security guards, security cameras and keyed elevator. This unit is currently dedicated for residential use (long term rentals of 30 days or more). The dedication expires on June 30, 2023 at which time property will be zoned for short term vacation rentals. Please contact The Real Property Assessment Division if you would like additional details. Please note that the current taxes are based on residential status and will increase when residential dedication expires. Tenant's lease expires 8/27/23. Current rent is $1400 per month.