It is what it is - a good value
The reviews stating the hotel is infested with bedbugs are just unfounded. I took my son to LA to see Jack White at the Shrine. I figured since the cost of the flights, food, tix, and my rental car quickly added up, I just wanted a clean room to crash. The bottom line is that you get what you pay for. I spent $49 per night for a single queen room. In my opinion, that rate was spectacular for what you get - which was a single queen bed fairly comfortable, huge musty smelling closet(but not so bad), and a small basic bathroom with vintage fixtures. The hotel staff were nice. In particular, the dark haired gentleman who checked us in on 8/10/12 at 2pm was very accommodatiing....In fact he printed a Mapquest for me of a site where Jack White was performing a pop up show without a defined address.
If you seek budget accommodations and your expectations are not to stay at a 5 star hotel, consider this one. It is reasonably close to all attractions, parking in the rear lot was well lit, with plenty of spots available. I even noticed that it is monitored by closed circuit webcams.