It's hard to find a better deal in LA. Location is very good, the neighborhood doesn't have anything to offer except for groceries and a peaceful area, but in a half an hour drive you'll get pretty much anywhere in town. Parking for free, right in front of the house, is a breeze.
Common spaces and rooms are cozy and laundry service is free.
Be aware that cleaning is completely up to the guests, so the house can be very tidy or very messy, with ants and cockroaches hanging around, it all depends on you and your roommates.