I really loved the location. We were a ten minute walk from the old town center and all of its sights and restaurants (and tourist traps), but far enough away to enjoy restaurants that catered to locals. The grocery store directly across the street was very handy (and has really delicious and inexpensive pastries which we ate plenty of). The hosts were super helpful and quick to reply to any questions.
Now I'm from a quite suburb in Canada, so these next two points might not apply to you, and I expect they will apply to all Airbnb units in the area: residential parking here requires excellent (and fast) parallel parking skills. We rented a Fiat 500 for some excursions out of town and happily paid about 11 euros per day to park it in a private lot. That lot was 700m away. I enjoyed that, it gave us plenty of opportunity to walk the neighborhood even on days where we took trips out of town. Lastly, Malaga is noisy at night. People are out and about quite late and garbage collection and street cleaning happened most nights we were there. It took us many nights to be able to sleep through the noise (and I wouldn't call the apartment badly sound proofed).
I don't want to end on a down note,we had a lovely stay and I enjoyed this apartment as a base of operations for our week in Malaga.