Prime Investment Opportunity at Palms at Waikiki! This fully furnished turnkey 2nd floor studio offers perfect blend of convenience & rental potential with LEGAL DAILY SHORT-TERM RENTALS. Featuring 1 dedicated parking stall, this unit provides rare direct access to pool deck, BBQ area, & fitness center all on same floor. Completely renovated in 2020 with modern interior, newer carpet, and fresh finishes throughout. The spacious lanai offers relaxing outdoor space while unit accommodates up to four guests with two queen beds. Ideally positioned one block from Waikiki Beach, steps from Hilton Hawaiian Village's Friday fireworks, and minutes to Ala Moana Shopping Center and IHOP restaurant in lobby. Flexible management options allow self-manage or join established Aqua Hotel rental program. Located along convenient bus routes with easy access to world-class dining, shopping, and entertainment. Whether seeking personal retreat, vacation home, or investment property, this unit delivers exceptional value in Waikiki's most desirable location. Combination of parking, lanai, prime location, and legal short-term rental makes this outstanding opportunity to own in paradise.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Furnished Description: Negotiable
- Flooring: Carpet, Ceramic Tile
Other Rooms
Garage and Parking
- Garage Spaces: 1
- Parking Features: Covered, Garage, One Space, Secured
- Parking Total: 1
Home Features
- View: Garden, Mountain(s), Sunrise
- Security Features: Closed Circuit Camera(s), Key Card Entry, Fire Sprinkler System, Security Guard
Homeowners Association
- Association Amenities: Management
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
- Association Fee Includes: Common Areas, Cable TV, Electricity, HVAC, Hot Water, Internet, Sewer, Water
- Maintenance Expense: 783
Amenities and Community Features
- Community Features: Barbecue, Community Pool, Conference/Meeting Room, Deck/Porch, Fitness, Laundry Facilities, Patio, Pool, Restaurant
Other Property Info
- Annual Tax Amount: 5256.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Inclusions: AC Central, Cable TV, Drapes, Kitchenware, Linens, Microwave, Refrigerator, Smoke Detector
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Parcel Number: 1-2-6-012-003-0023
- Postal City: Honolulu
- Subdivision: WAIKIKI
- Zoning Description: AM - Apartment Mixed Use
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 315
- Year Built: 1970
- Building Area Total: 356
- Building Name: Palms at Waikiki
- Construction Materials: Concrete
- Entry Level: 2
- Levels: One
- Property Age: 55
- Property Condition: Good Condition, Updated/Remodeled
- House Style: High Rise
- Total Area Sqft: 356
- Year Built Effective: 2020
- Architectural Style: High Rise