1777 Ala Moana Boulevard, Honolulu, HI 96815

The Ilikai has anchored the Honolulu skyline since 1964, one of the few Waikiki buildings still licensed for legal daily vacation rentals in a market where new short-term rental permits are nearly impossible to obtain. Unit 601 is a fully remodeled 500 square foot one bedroom, one bath, listed at $575,000. The renovation strips the space to clean lines and natural light: new kitchen, new bath, finishes built to hold up under daily guest turnover without losing the feel of a home. For a portfolio, that combination is rare: a legally operating nightly rental in a landmark building, sized to run efficiently, priced to pencil. Building amenities include a resort pool, on site dining, and direct access to the marina, Ala Moana, and Waikiki Beach. Whether held as a personal Honolulu base or run as a short-term rental, 601 offers what few Ilikai units can: legal standing, current numbers, and a location guests respond to. Rental income potential is not guaranteed; buyer to independently verify permit status, HOA rules.