Discover an exceptional opportunity in the heart of Waikiki at 2465 Kuhio Ave. This versatile two-bedroom, two-bathroom unit is within the coveted Waikiki Resort Mixed-Use Precinct--an extraordinary rarity in Honolulu that allows for legal short-term rentals! Renovated in 2018, this bright and airy unit is fully furnished and appointed with tasteful, modern materials, making it ideal for nightly rentals or personal use. What makes this property truly unique is its flexible floor plan. Use it as a spacious 2-bedroom, 2-bathroom residence with over 980 sq.ft., or separate it into a 1-bedroom unit with a full kitchen and bathroom, plus a Studio with a private bathroom and wet bar. This versatility offers incredible potential, providing options for dual rentals or a comfortable living space while renting out the Studio. Located just one block from Waikiki's famous sandy beaches, world-class shopping, dining, and entertainment, 2465 Kuhio puts the best of Honolulu at your doorstep. With a dedicated parking stall included, this unit is as convenient as it is inviting. Whether you're looking for a new revenue stream or a tropical getaway, this is an opportunity you won't want to miss!