Our stay was pleasant! The location of the airbnb was phenomenal; there was an ABC store right down the block, the beach was 2 blocks away, and there was a lot within the mile radius. The streets were a bit loud but when the windows were closed, we couldn't hear too much. We went to a new coffee shop every morning and just walked around the Waikiki strip! Unfortunately, there was some construction going on during the day (with a water shut off the morning we left -- out of their control) but it wasn't bad because we were out all day.
The kitchen was very well equipped and was clean; the knives are a bit blunt so if you're planning on cooking, keep that in mind! The beds were quite comfortable; the rooms are a bit small but it's not a huge deal if you're just sleeping in there. There were 5 of us and the sofa bed was not super comfortable but what can you expect with a sofa bed..
Be prepared to pack some toilet paper and beach towels as they are not provided (toilet paper is not replenished after what is given). My friends and I are currently in college so we had to take some classes, and the table/counter were okay for that.
Overall, our stay was decent. The view from the balcony is definitely super beautiful and the location was great.