The apartment is stylish but looks like a bit worn out. The location is perfect. No more than 10 min to the Royal Palace by foot.
The neighborhood is pretty noisy as place fool of bars. On weekends fiesta stops late at night, or I'd say early in the morning. But after people go home, garbage service comes and begin to empty trash container.
Well if you plan to stay on weekdays it will be ok, but on weekends it's better to have fun with people outside than to stay inside and be angry of them. :)