If you are looking for an ideal location in Madrid -- this is the perfect place for you. I spent most of my time in Madrid walking to points of interest whether it be right outside to Plaza Mayor, a few blocks to Sol, to Prado or other museums and local points of interest. Many great restaurants in the area as well! There are a lot of steps leading up to the unit and a step inside that might be issues for some people, but I knew about the steps when I reserved and the location far outweighs the inconvenience of the stairs. If you have heavy luggage be prepared to carry - I had to help a lady carry her large suitcase up the four flights because she was unable to do it herself.