Well located about 3 blocks from the center of town. One block from great markets; both food and local wares. The breakfast is the best free breakfast I've ever had! I highly recommend the yoga that is on the pin board- about half way up Gaudalupe st on the roof top of a vegetarian resturant.
Wonderfully friendly fun hostel! Two blocks from the ocean and one block from killer burgers. Not noisy and very secure at night. The bathrooms are slightly run down but it's still excellent value for money considering it's location. The little cafe next door has delish acai bowls but the hostel had a well equipped kitchen.
Although I wasn't a huge fan of Hollywood, this hostel allows excellent access and organizes many tours daily. It is super clean and very secure at night with no visitors allowed inside. The bar can get lively and the outdoor seating area is excellent for relaxing in the day or having beeeers at night.