The location is okay - you are near the Sagrada Familia and one bus ride away from the beach and the Rambla. The neighborhood is not charming, but that explains why it is cheaper.
What we really did not like was that the kitchen was not very clean and the elavator had a pungent smell. Also, and that was the worse for me - the airconditionning is not strong enough to enter the bedrooms and night… so the nights were very hot, which keeps me from sleeping. Would not recommend specially for that reason in the summer months.