Great location - LOCK YOUR VALUABLES!
We have stayed here several times, mainly due to the location. The rooms are tiny, but beds are comfortable enough. It's not very peaceful, you hear the sound of people in the hall and doors closing. We purchased a fan to help drown out some of the noise. 
This last visit was a disappointment all the way around. I can't emphasize enough to lock your valuables. I had just returned from a trip to bury my Mom, and left for SD the day after my return. I had a large pouch of all my favorite jewelry pieces I'd taken on the previous trip, and just placed the pouch back in my suitcase (didn't have much time to repack). Around the 4th night there, I realized my jewelry pouch was missing FROM MY SUITCASE. Didn't report to hotel or police, because I second-guessed myself, that maybe I had left it behind. Sadly, I was correct that I had packed it, and it was stolen from my room at this hotel. They do provide a safe, and I highly recommend using it. I lost some great jewelry, but more importantly, some sentimental pieces of my Mom's...heartbreaking.
Be sure to request a room overlooking the courtyard with the pool. This stay, our room was on the outside, next to the street and parking lot. It was very noisy, and the "partial ocean view" was quite lousy. The parking is safe, although you do pay a considerably nightly fee.
We will probably check out some other hotels on our next visit.