My partner and I stayed here for a month and absolutely loved this location. It could fit up to 4 people but would definitely be a little tight if you're staying for more than a few days.
It's very easy to get around the city from here. Keep in mind, this location is on a hill so no matter which way you walk, you will have to go uphill. We didn't have problems with this but it could be challenging for some, so definitely keep that in mind.
There are so many great restaurants around this area, and you're 1 block away from the park.