If you're looking for an affordable spot that is in a great location downtown LA, then this is the spot to be.
I came here for a festival, and I was less than 8 minutes away from the park and ride and less than 15 mins away from the venue.
I was also pretty close to local bars, nightclubs, lounges, grocery stores, etc. I was able to get a lot of shopping done and still have fun during the evening without having to deal with brutal LA traffic.
As long as you plan out everything ahead of time, you are in a great location. I even made it to Venice Beach for the sunrise by leaving super early in the am, and my drive was less than a half-hour.
If I'm back in LA and have plans in or near downtown, I'll book this location again.