Craig's place is an ideal location if you plan to spend a lot of time at the beach (only 5 min walk!). It's close to the hustle and bustle of the crowd on the board walk as well, which means that during the weekend nights you might hear occasional hollering. We found the noise level acceptable overall, since the place is towards the end of the commercial strip at the board walk. The place is clean and comfortable, and fits the description exactly.
Some notes: The parking garage in front of the place wanted to charge $15 (weekdays) and $23 (weekends) for overnight parking (9 am time limit), but we found street parking in nearby streets. Venice Way, in particular, was close and easily available.