Are you looking for a positive cashflow legal vacation rental unit in Waikiki?! This one may be for you - this is currently the best value vacation rental buy in Waikiki! Experience the allure of Waikiki from this charming leasehold studio located in Kuhio Village, a mere 2-blocks from the world famous Waikiki beach. Nestled amidst the vibrant energy of Waikiki, this prime location offers unrivaled convenience. Stroll to the iconic banyan tree and Duke Kahanamoku statue or explore the nearby International Market Place, with brand new Target store. This updated studio boasts 286 sq. ft. of living space, complemented by two separate lanais totaling 106 sq. ft., providing a serene retreat. Boasting a legal short-term rental status, this gem promises lucrative potential, allowing nightly rentals.