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.