I can recommond this place to anyone looking for an affordable place at a good and central spot in Waikiki.
The place is basic, but all I needed was there. Pros for me: the balcony, the dvd-player (intergrated in the tv set) and the possibility of doing laundry, as I was traveling around for 3 weeks.
But the biggest puls of all the hospitality of Olivier and Lily! I felt most welcome and they were willing to answer my questions.
The only con I can think of is the elevator of the building (sometimes I had to wait up for like 10 minutes)... But that has nothing to do with the apartment itself, of course.