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This small hotel, two blocks from the ocean and a 10-minute walk from the Third Avenue Promenade, shares a residential neighborhood with the Fairmont Miramar and the Huntley—and the comparison stops there. If you need to be near the beach but can’t pay luxury prices, this is probably your best bet. It’s actually a converted 1950s garden apartment typical of the the era—a three-story square with parking stalls at street level, enclosing a courtyard dominated by a kidney-shaped pool. The good: You get a living room with a sofa bed, a fully equipped kitchen, a separate bedroom, and large closets. Staff is friendly and helpful, and the location can’t be beat. The bad: Though generally well-maintained, it suffers from random problems such as showerheads giving a dying gasp or strange noises issuing from the TV, and some of the linens are getting pretty thin. Early-morning garbage pickups and loud conversations echoing from the stairwall can disturb light sleepers. The ugly: Upholstery and bedspreads are prone to busy, woefully outdated floral patterns. Bottom line: Know what to expect going in, and you can enjoy more space and a better location than you’ll find elsewhere at three times the price.