Pros: Great location (we didn't rent a car and were able to walk all over Waikiki and up to Leonard's within ~30 minutes), totally reasonable for the price, and a good place to sleep since we were out and about most of the day anyway. Having the fridge/freezer was also really helpful for us.
Cons: It was listed as a 1-bedroom but was only a studio. There weren't a ton of places to hang wet towels/swimsuits. Because we booked through AirBnB, the front desk wouldn't let us leave our bags behind after we checked out, since we had a few hours before having to go to the airport.
Things to note: We didn't have a car, but it seems that getting parking would be a bit finicky, so I'd look into that a bit closer if you're planning to stay here and rent a car. Also, there is a microwave but only 2 glasses and 2 mugs (and I don't think there were any utensils).
Overall, we had a great stay here for the price and would stay here again!