This apartment is satisfactory. It is close to the largest bullfight ring in Madrid! There is a good cafe for breakfast right across the street, and a good coffee & croissant shop on the opposite corner.
There were a few quirky things about the apartment- make sure the keys work easily for the doors into the building, make sure the faucets work properly for warm water, and make sure you separate your garbage properly to dispose of in the cans for the building.
Otherwise, this was a satisfactory place to stay.