The location is the best you could find in Hollywood, but the street in which the building is located doesn't appear so safe at night (at least after midnight).
The building is very old and there's a strange message at the entrance about its conditions, but the studio's clean and nice. The view from the window is lovely. The free parking is so useful considering that all the others are pay and display parkings. The manager is helpful for any needs.
So i would recommend it!