Pros:
- amazing location (you can walk to the Santa Monica Pier, Promenade, and a bunch of bars and restaurants)
Cons:
- cramped space
- not much natural light
- while it's quiet at night, it's noisy in the evenings (you can hear the TV and conversations from the folks living above)
If you just need a roof and a shower, that studio is perfect. It is less suitable if you need a place to hang out, read, get some work done, or cook.