Mercedes is a wonderful host. Responded quickly to all our questions, comments or requirements. Her apartment is a renovated loft in the second floor of an old house, with a terrace. It is located in the Cabanyal neighborhood, which is an interesting, albeit a bit disheveled in some areas, part of Valencia.
It is close to the beach, and there are very nice restaurantes (e.g. Fumiferro, Casa Montaña) and cafes (e.g. La Mas Bonita) in the area. It is also very well connected by public transportation to any part of Valencia. About 30-40 min from old downtown area. Taxis are inexpensive and a faster way to move around town. The apartment is very cozy and confortable for 2-3 people, perhaps a bit tight for a bigger group. Right across a church, which marks every hour with the bells which can be a bit annoying at night time. Nevertheless, we had a great time and I recommend this apartment, specially if you want to be near the beach or the University.