This place is very comfortable and has character. Our best days in LA involved walking to nearby attractions like LACMA, Petersen Automotive Museum, La Brea Tar Pits, and the Farmers' Market with its many dining choices. We had a delicious impromptu and inexpensive lunch at a Thai joint just around the block on Wilshire. Tonier Melanie is just up on Third and I'm sure there are many other outstanding restaurants nearby.
Free street parking was available, sometimes outside the door and at others a block away. If you can't find a spot on the streets where the loft is, look on Sixth. You'll need to stop for staples like coffee. Tap water is decent for drinking and better-tasting than I recall from the 90s. Laundry facilities are coin-op ($3 in quarters will wash and dry a load) and in the basement. Aside from some traffic noise a block away, the place was surprisingly quiet and felt very safe.
Sarah is a friendly and helpful host who responds instantly.