PRICE REDUCED TO $85,000 FOR LEGAL SHORT-TERM RENTAL located in the heart of Waikiki with shopping, dining & beaches all within walking distance and easy access to public transportation. Hawaiian King with it's 1950's art-deco style is a unique property for sure. Great opportunity to have a rental property with a full kitchen, nice pool and on-site laundry making a great investment property or place to call home. Monthly Maintenance Fee includes water, sewer, cable, internet, on-site manager, and common area maintenance; other fee is the electric monthly average which varies with usage and billed quarterly. Lease Rent to 2036; lessor approval / consent required. Buyer must submit Lessor's application packet with $500 fee along with buyer's required financial documents to Queen Emma within 10 days of acceptance in order to receive Lessor approval and consent prior to closing; additionally Queen Emma requires 6 months of Lease Rent reserves upfront at closing. Note - Hawaiian King has an nonconforming hotel status and is exempted from the STP permit to rent for less then 30 days legally, and is the only unit with a letter from the DPP stating so!