We spent 10 days over the Christmas period staying here and enjoyed it for the same reasons that previous guests have mentioned. The owners worked with us to arrange a convenient arrival time and we got a very warm welcome.
We hopped on the frequent buses to get into the centre of the city, and got cabs back from immediately in front of the Marriott Malaga Palace hotel (which save a few Euros by avoiding the one way systems).
The property shows a number of signs of wear. It wouldn't take much to freshen it up, and to make a good apartment into an even better one.