The bad: Noise. It is almost non-stop outside on the street. If it's nightlife OR morning garbage trucks that's not a big deal in my opinion. However, it's both. I am not sure how anyone who lives in the area full-time gets any sleep.
The good: LITERALLY EVERYTHING ELSE. The place is clean, spacious, well equipped, has fast wifi, is private, and is walkable to attractions (I know, the noise comes with this).
I truly would recommend Ignacio's place, but you really do need some sort of noise-canceling headphones or earplugs to help with sleeping at night. I feel bad only giving it 4 stars because the place is wonderful and the host is VERY responsive/helpful, but it's only fair to make sure future guests are aware.