The apartment is very nice and cozy; we called before we arrived and the key handoff was fast and efficient.

You're really close to the Theresienwiese but the Altstad is about a 30 min walk away, about 10 with the U-bahn (from Schwantahlerhöhe) or S-bahn (from Hackerbrücke). The neighbourhood is up and coming and sports some quite nice restaurant. (We recommend "Das Neue Kubitscheck" or "Marais" for breakfast, "Die Schwalbe" is a really nice beergarden and if you have a craving for ice-cream go to "Punto G. Gelato".)

The only drawback this apartment has is that there is no real "outside". Especially in summer when it's 30+ degrees C that might something you'd miss.