This is a great location, only 6-7 min drive to Waikiki, Ala Moana, Hilton lagoon, Diamond Head etc. It's right next to University town so there are tons of good food options around. There is a breeze going through the area so we never turned on the air-conditioning once (which saved on our electricity bill, we payed only 100$ per month). The only downside is the highway noise and the homeless community that seems to be all over Honolulu and also around the block. We stayed here 50 days and had no problems with the homeless people, except a few times someone was horning and yelling in front of the building and the 7/11 is always full of trash in the morning, but besides that it is a great central location to explore the island. 30 min from Waimanalo beach [our favorite], 25 min from Kailua beach, 32 min from Paradise Cove, 18 min from Hanauma Bay etc.. This is a two bedroom and you cannot find anything in the town for this price. So I would say, go ahead - if you don't mind some street noise and highway buzz.