Its all about the location! As you can see from the photos, it is literally just outside the cathedral, it could not be more in the middle of the older part of Malaga if it tried. Its a great place to start your walking exploration of the city. It is pretty much all pedestrianised around this part of town, so maybe a 10 minute walk from where the airport bus drops you to the front door.
Maria met us on time and showed us around the flat. As others have mentioned, another pillow would not go amiss but we managed.
Due to its location, it does get busy on the street outside but that is part of the holiday bustle.
A couple of tips: the chocolate shop next door often has someone out front to offer tasters to passers by and El Pimpi on Calle Granada has great tapas - go inside and sit at the bar for the authentic feel.