If you don't mind sleeping in hell during your stay in Madrid, then we highly recommend Pedro's apartment! The location is very good, but not having the AC working while temps were 100 F (40 C) during our four night stay was brutal. There were not even fans to help move any air through the bedrooms making your needed rest very difficult. It was unacceptable. Pedro was not in the city to help with the situation either. In the end, too much money spent on limited accommodations.