5% cap rate on premium Waikiki Kuhio corner location. Less then two blocks from Waikiki Beach and the Hyatt Regency Hotel. Excellent opportunity to own this rarely available Waikiki property. Four 256 sqft studios which can be lived in or rented for commercial space for businesses, food trucks or other in the heart of Waikiki! This prime corner location is where Kuhio Ave meets Kapuni St, near starred hotels, popular restaurants and shops. Property offers 4 legally permitted units with separate meters. Zoning allows for a 4 story mixed use building which would greatly increase the monthly income. Property currently is fully occupied - 2 studio rental units, a permitted commercial kitchen for Hula Dog & Habibi Taste food trucks, Diamond Head Mopeds and Thai Ice Cream Roll food stand.