Elwood is a nice area. Very close to beach, local coffee shops, grocery stores and St. Kilda. The apartment is in an area which is very quiet and relaxed atmosphere. It is also easier to get in the city center by train and tram. If you take Uber to city center, it will cost around $15-20. The room is very stylish and clean. I liked it very much. The building might looks old but is fully renovated and very beautiful.
Good to stay for less than two people.
The room has a nice kitchen. If you also like cooking, I recommend you to stay here.