There were both positives and negatives:
Good in terms of location and accessibility. It's a walking distance to the Metro Gold Line and Union Station as well as to Little Tokyo and the Arts District.
The place can get a little sketchy at night, and I would recommend making sure the door closes behind you. The shared bathrooms smell old and the rooms are musty but are kept clean. I would recommend disinfectant wipes, soap, flip flops, and air freshener. The room does the job, but be warned that there is no AC. There was, however, a fan that was in the room that proved to be handy when it would get very hot.
Unfortunately, my friend and I had a really bad experience a few days into our trip and got a case of bed bugs during our stay. It is most likely due to the age and nature of the building. We had to replace all of our luggage in the process. Did not think it was worth my $$$ after having gone through that, but I still stand by an easy check-in, good location and accessibility. Would recommend more thorough cleaning for future visitors.