Located in highly desirable Waialae Iki neighborhood on Oahu, this exceptional property offers immediate rental income and strong future upside. The existing 4bedroom/3.1bath home has been thoughtfully remodeled with tasteful updates. Currently occupied by reliable tenants, the home generates steady rental income that can continue seamlessly for the new owner while they plan and develop an Accessory Dwelling Unit (ADU) on the spacious 8,161 sq ft R-7.5 zoned lot, creating excellent opportunities for multi-generational living, guest accommodations, or increased rental revenue in one of East Honolulu’s most prestigious communities. Adding to its unique appeal is the expansive downstairs workshop / artist studio—a bright, versatile space perfect for creative pursuits, hobbies, or professional projects. The lower section of the property is accessed via a solidly engineered bridge providing vehicular access. This rare offering combines turnkey cash flow with significant upside for the discerning buyer seeking both immediate returns and long-term value. Pls click video for additional photos.