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This updated studio is a legal short-term rental located in a hotel-zoned building in Waikiki. Renovated in January 2024, the unit is offered turnkey and compares favorably to recent sales in the building, featuring a more modern interior and a lower monthly HOA fee of $420, enhancing operating efficiency for both investors and owner-users. With a consistent income history and strong passive income potential, this Fee Simple unit offers flexibility—owners may choose to self-manage or participate in the hotel rental pool. Building amenities include on-site laundry facilities, a swimming pool with a pool lift for accessibility, an outdoor shower, a fitness area, a BBQ, Wi-Fi lounge, ATM, ice and snack machines, front desk services, and security. Ideally located just blocks from world-famous Waikiki Beach, dining, shopping, and entertainment. Public transportation is nearby, and the newly opened Waikiki Market is conveniently located next door. The property is disability-accessible and mobility-friendly. Complimentary parking is available for up to two hours daily until 4:00 PM, with limited paid parking available after 4:00 PM.