As advertised, it's a nice space for a group of people. There are no fewer than three options for making coffee (Mr. Coffee, a french press, and a stove-top espresso maker). While there is no clothes dryer, the clothes we put out on the outside lines did the job just as well (and more environmentally friendly).
Having just one bathroom requires some negotiation, but it works.
The neighborhood is awesome. Just two blocks from the Universitad Metro stop, and an easy 15 minute walk to Plaça de Catalunya. There's a well-stocked super market just a block away, not to mention dozens of excellent restaurants and bars.
Plenty of natural light in the living/dining room. There is street noise if the windows are open (the apartment is on the 3rd floor, with two elevators available). But it's a joy to look out the windows and see the older buildings across the street.