This little studio is in a great location. We didn't rent a car the entire time we were here. Both the Ala Moana Shopping Center and beach are within walking distance as is the main Waikiki Beach strip. We took Lyfts to the surrounding neighborhoods.
The apartment is small, but it was comfortable for me and my girlfriend. Plus it was clean, AC-cooled and had a fantastic view.
I also appreciated that this is a legit Airbnb rental. I've stayed in some places where it seems like the building management isn't aware that people are renting out their apartments. But here, the Hawaiian Monarch staff is aware and helpful (e.g., if your room key gets de-magnetized).
We had a great stay, and the apartment was a great deal for the area. Highly recommended.