Discover the perfect blend of island lifestyle and investment potential at Waikiki Grand Hotel #316. Located just steps from the world-famous Waikiki Beach and across from the lush greenery of Kapiolani Park, this beautifully maintained studio offers the ultimate in convenience and versatility. This fully furnished unit features a bright, open layout with vinyl flooring, a kitchenette, and portable A/C for year-round comfort. Whether you’re looking for a vacation getaway, a second home, or a high-performing legal short-term rental, this property checks every box. Amenities include a rooftop sun deck with panoramic ocean and Diamond Head views, pool, laundry facilities, and an on-site restaurant. The building is pet-friendly (verify) and has a 24-hour front desk. Perfectly positioned at the gateway to Waikiki, you are moments from the beach, Honolulu Zoo, surf spots, restaurants, and nightlife. Don’t miss this rare opportunity to own a piece of paradise that earns while you’re away.