You're definitely paying for location! Near to everything you might want - recommend if you want to visit Santa Monica and avoid renting a car. Can easily walk to beach, shopping, coffee, restaurants, nail salons.... The place itself is not bigger than a hotel room, and feels like one. A bed, a table with two chairs, a kitchenette (half size fridge and two countertop burners) and a bathroom. For the nightly rate it's definitely less than you'd get elsewhere in the country (we're from NYC so I think our expectations weren't out of whack). But anyway, we don't come to Santa Monica to sit inside! Easy check in, TV and WiFi are great.