Herman and Alicia's place is incredible bang for buck. The unit has been recently renovated and had above and beyond accommodations for my month's stay. Like previous tenants have mentioned, the walls are pretty thin and you can hear footsteps and snippets of conversation from time-to-time from your neighbors. Despite this, the location can't be beat and you're given a parking spot for your stay - a very rare thing to find in Waikiki especially. Herman and Alicia were quick to respond with any questions I had as well.
Excellent hosts. Highly recommended.