Place is great! For a much cheaper price for the area, the only downside is a *slightly* longer walk to the beach (think 5 minutes instead of 2 minutes). There is a great place for breakfast / lunch downstairs, and several spots within a few blocks for food / bars / shopping.
There are extra sheets / towels included, so the couch can be turned into a very comfortable bed. The shower is nice, and the kitchenette is usable. Not much more to say, if you’re looking to enjoy Waikiki and not spend a fortune this is a fantastic option.