Quick summary: the pictures don't do this place justice. The place is not quite as nice as it looks, but the views are way better than they look.
First, the place. It is a fairly old structure, and the tile, carpets, drapes, furnishings, and paint all show their age and wear. The furniture looks cool but is mostly not very comfortable if you are looking to hang out for a while. The deck feels a little rickety. The age and wear have their charms, but if you expect nice amenities and appointments, this won't be a good option.
BUT.
The space is expansive, with windows and glass doors from front to back, and the views are spectacular. It is really fun driving up the winding street, seeing all the big Hollywood homes, and knowing that you have one of the best views of all. The area is remarkably quiet; we sat back there every day and night and never saw or heard another person.