You're basically paying for the location. Walking distance from plenty of restaurants in Gaslamp and Little Italy.
Two issues I had with the unit was the mattress and shower. The mattress has definitely run its course and you can feel the individual springs when laying down.
The shower space is very small and there's not a ton of room in there.
Overall it's good value if you care about the location, and a cheap place to rest your head at night. Just felt the decorations were a little over the top and could use a few small improvements