We had a nice stay in the apartment. The good: The location is just a couple blocks from Waikiki beach. There is a convenience store on the corner and a grocery store a few blocks away (although we found the grocery store to be not-that-fresh and very expensive.. cooking for yourself in Hawaii may not save that much money, if your experience is like ours!). The hosts provided beach towels, which was a nice touch. The apartment was very clean. The laundry facilities are on the ground level; you can pay using an app or quarters. We did not rent a car (and parking would be very expensive in this neighborhood) but there are many zipcars in the area and we were able to use then for a couple day trips. (The zipcars book early, so if you want to go that route, make sure to reserve one a week or more in advance to be safe.)
The downsides as we saw them: The apartment is quite small; the pictures are accurate, but it feels smaller in person. (The prior reviewer who stayed there with 2 kids must have a high chaos tolerance or very easy-going kids!) The bed, while nice, was a bit hard for both of us to get comfortable on, and it transferred motion so when one of us moved at all, the other woke up. I agree with a prior reviewer who said the window air conditioner didn't cool the room fully; it's a long, narrow room and the a/c unit is at the far end. Running the a/c unit and the fan at the same time did allow the cool air to circulate better and we were ultimately able to reach a good temperature. The street outside isn't busy, but for some reason there is still a lot of traffic noise, especially if you sleep with the windows open. The apartment is a third floor walkup, which was fine for us but could be challenging for some.
All in all, we found this to be a very good budget option with a convenient location and very well maintained. I think unfortunately, all the rave reviews (while true) led us to have higher expectations .. but with that said, this really is a great option when trying not to break the bank. Thanks for having us!