The location is central enough to walk ALL of city center. There are wonderful breakfast and lunch spots just a block away. It’s really in the “old” central Madrid area- very narrow streets, no parking, quite, safe and historic. The apartment was easy to find- after you climb lots of stairs (pack light). We prefer having space rather then a small hotel room- the apartment was nice and inviting. The beds were really comfortable and all furnishings nice and in good condition.