Cozy apartment in downtown with all the utilities you will need. You can walk everywhere, it is just 5 minutes far from Chueca, Malasaña, Gran vía. Too many bars just to one minute or the Kluster disco.
There is a really cool neighbourhood, with a lote of live even at night, but really quite at the same time.
You dont need to take any public transportation because you can walk everwhere