The unit is great, aside from a couple of days of heavy rain, we could watch the sunset from the unit. It is very spacious and great for two people. The lanai is not really spacious enough to sit on. I think if the door is opened all the way open, it may be possible. The fridge needs to be updated and cleaned more frequently. We didn't feel comfortable using the ice maker just because of how dirty the dispenser was. The bathroom also needs a good scrubbing.
The location was great for us because we like walking. The beach entrance is shared with the resort across the street and is very close. The Ala Moana beach park is also within walking distance as is the mall. If you don't mind walking, Waikiki beach and shops are within walking distance too.
The evening noise from the restaurant/bar downstairs is real but tolerable. There is heavy street traffic and the horns at night are a bit annoying.
Overall, it was a great location for a week's stay.