It's a nice little place with a well-equipped kitchen.
About 15-20 minutes walk from the centre but also with several nice bars and restaurants nearby, just a few blocks away.
The windows look out onto a back court so not very bright and there's no view.
However, that had the advantage of making the room quiet, even on New Year's Eve.
One of caution - although it has a cot and high chair, it doesn't have childsafe windows and is 5 floors up, so parents with toddlers should be aware of this.
Overall, though, recommended for seeing Valencia.