Right in the heart of Haight Ashbury, located right on Haight st in the middle of things. Plenty of great vintage shopping, a couple of nice bars, restaurants, streed foods, Whole Foods and of course legendary Amoeba Records.
As for The Red Victorian, it has the classic hostel feel to it. Quite run down and hippie-ish, but clean. Shared bathrooms.
Don't come here if you want the high end hotel experience. Come here if you want an alternative experience for a fairly cheap price right in the heart of a very vibrant neighbourhood.