Michele and Terry's place is a a great location for easy access to Hollywood and elsewhere in Central LA. It is isolated from the busiest parts of Hollywood without feeling remote. The neighborhood is great for walking and exploring on foot (though with caution on the often steep and narrow streets and blind curves). The street is very quiet, with plenty of street parking. The views from the upper floor and kitchen patio were enjoyable.
The house is quite old with many original features, fixtures, and hardware. While this adds to its charm, it also means many things don't always work as well as one should expect at the price point (~$800 average/night). Examples included bathroom doors that don't latch, loose plumbing fixtures, several missing or dead light bulbs. There is no microwave, so food needs to cooked or reheated on the stove (which must be lit by hand). It rained during our stay, and we experienced water leaks in two locations (the hosts are working to fix this).