Discover this 243 sq ft studio plus 51 sq ft lanai in iconic Waikiki Grand Hotel, LEGALLY PERMITTED and ZONED for SHORT-TERM RENTALS. This leasehold condotel offers flexibility as investment or personal retreat. Fee Simple available for purchase. Located less than half block from Queens Beach, across from Honolulu Zoo and Kapiolani Park. This unit features mini refrigerator with freezer and microwave. Built in 1963, building offers 218 units with 24-hour security. The 10th-floor rooftop sundeck showcases views of Diamond Head and Pacific Ocean. Premium amenities include pool, 24-hour front desk, on-site dining at Teddy's Bigger Burgers and Hula's Bar & Lei Stand, laundry. This pet-friendly building welcomes you to vibrant East Waikiki, renowned for surfing, dining, entertainment, shopping. Quick access to Diamond Head hike, Waikiki Aquarium, International Market Place. Monthly maintenance fee covers all utilities including cable and internet. Optional parking and storage available for fee. Whether managed through hotel program or independently, this turnkey property offers seamless island ownership in one of Hawaii's most sought-after locations.