It's a small, rough around the edges studio apartment in the heart of Waikiki and convenient to the whole city of Honolulu.
Positives: close to the Waikiki beach and all the nightlife that neighborhood has to offer; public bus lines can pick you up right outside the front door for the rest of the city (and Island); in the lobby, there is a 24 hour convenience store, juice stop (the green papaya juice is delicious), laundromat, and lots of good eating options; the hosts were nice enough to leave beach towels and a boogie board (and some local guidebooks) and responded quickly to our questions
Negatives: We had a car, and had to pay for lot parking ($25/night) - it is very hard to find street parking in Waikiki after you've been out all day; the apartment is a bit rough around the edges - don't expect luxury and you'll be fine; the noise level was rough - each morning from 5 to 830 am, we heard the beeping and crunching of trash trucks as they served this building and all of Waikiki. If you are a deep sleeper, you'll be fine, but we ended up having to blast the AC to drown out the noise.