Pedro's apartment was very nice with AC and additional equipment in the kitchen. We were surprised that there was also possibility to use washing machine. During our stay the weather in Madrid was very hot (40'C) but with AC we did not feel it in the bedroom. The area was very nice and close to many places: at the corner there was a taverna, shop where we could buy some food, and metro station. For us it was not a problem but people who don't like walking up the stairs could not be happy because there are more than 80 stairs :).
Pedro was very helpful and friendly. He even waited for our arrival at 1 AM.
If we visit Madrid again, for sure we will stay at the same place. We really recommend this flat :)