Great location - the beach is across the street and the 3rd St Promenade right behind with all its stores and restaurants. There are also several taxi stands and bus stops around, in case you want to go explore other neighborhoods without having to drive.
The studio itself is as described and the host was quick to respond to requests.
And yes, it is loud; very loud on Fri/Sat. Earplugs won't help much for that kind of noise. So beware if you're sensitive to noise; personally it didn't keep me from sleeping (but few things would).