Great views, convenient location, and very clean. It did get a little on the warm side without air conditioning for us, but it was abnormally hot out while we were there, and we're probably more sensitive than most.
The waves and traffic can get a bit noisy at night depending on what you're used to, but wasn't a bother, and still soothing to fall asleep to.
Overall a great value, and a memorable and enjoyable place to stay when visiting Malibu that we wouldn't hesitate to use again.