The room is located between Hollywood Blvd and Sunset Blvd, and only minutes from the usual attractions. It's also near Ralph's supermarket and a number of good restaurants including Stout, which I recommend for the food and microbrews.
The room is in an old, tired building with a tiny elevator and very dirty hallways. (I'm sure it hasn't been painted in thirty years).
The photos suggest the room is bright, crisp and clean. In reality, it was old and also in need of a coat of paint. Cleanliness was an issue and I had to request cleaning service twice. However, the manager was pleasant and prompt to respond. If you're used to a fresh/crisp environment, this might not be for you. If you don't care, the location and price are attractive.