Notable investment opportunity in the iconic Hawaiian King building, located in the heart of Waikiki on coveted Nohonani Street! This first-floor 1-bedroom, 1-bathroom unit offers tremendous potential for the savvy buyer ready to customize their piece of paradise. Sold unfurnished and requiring updating, this property presents incredible value in one of Waikiki's most desirable locations. The Hawaiian King features old-world charm with a central courtyard, swimming pool, BBQ area, community laundry, and secured entry. Just two blocks from world-famous Waikiki Beach and steps from Kalakaua Avenue's premier dining, shopping, and entertainment. Half block to International Marketplace and less than a mile to Honolulu Zoo, Waikiki Aquarium, & Kapiolani Park. Excellent bus access makes island exploration effortless. This leasehold property requires cash purchase with lease expiring 2036. Mixed-use zoning allows flexible rental options for future income potential. Perfect for investors or those seeking an affordable entry into Waikiki's premium real estate market. Bring your vision and transform this diamond in the rough!