My wife and me stayed here for a couple of nights, the location of this pad is bang on! It has a lot of pubs, restaurants and places to explore around, the Chapultepec Castle and Park and close by and it is adjoining Reforma. We had a ball of a night at Condesa, partied till 5 AM and the best thing was it was super sage and we walked around pub to pub! The accommodation is very basic and so the price is super nominal too, hence if you are looking for luxury this is not your place! There are a bunch of rooms with baths in the same property which are let out by Penelope, so check all of them before deciding which one you like, the one we stayed at had a spiral staircase to get to the bedroom from the Kitchen, this was slightly hard but we both are tiny and hence wasn't much of trouble, if you are tall and broad and/or are carrying a lot of luggage this might be a challenge.
Overall, we had a great stay, Penelope replies to questions instantly and doesn't interfere unless messaged at all in your stay! We had our own set of keys and would recommend this place for budget travelers who are particular about staying close to the booming nightlife in Condesa!