In a great location for numerous bars / restaurants / nightlife - there is even an excellent place to see Flamenco on the same street. The Prado is just a 10min walk away so you can easily visit for the late evening / free entry - which we took advantage of on several nights. We walked everywhere in central Madrid from the apartment and had a great time over 4 days. Lluvia made everything very easy for us and hassle free. Nice meeting you Lluvia!