Exactly as described; not fancy but dependable and in a fantastic location. The place was clean and very tidy with good living space. The bunks in the second bedroom aren't terribly comfortable though, might be worth upgrading at some point and there's no proper 'big' light in that room. The apartment is spartan but has everything you need including a full-size kitchen and a good bathroom, plus a good table to sit and work at.
Lots of reviews mention noise but perhaps the neighbours were away but we couldn't hear any exterior noise whatsoever. The parking was a godsend in that area. Location wise; you'd be very hard pressed to beat this; a block and a fraction from the centre of Palo Alto where there are fun bars and restaurants a plenty, but far enough away to be leafy and nice. Good value and priced to spec.