Ivan and Carol's place is very centrally situated--a short walk to Plaza Mayor, metro stations, and only a few steps to many bar and restaurant options. That said, expect it to be a little noisy, especially on a weekend night. On a Friday, the revelry went on 'til about 7am! Earplugs are essential if you're staying in or are having an early night! One useful feature is double-paned glass on all the doors and windows, which helps with the noise. Overall the place is very cozy and a good base to explore the central part of the city.