It's a few blocks away from the traditional/exciting Condesa neighborhood. There are parks around and you can also be in Chapultepec park within 30-35 min walk. Paseo de la Reforma is within 15 min drive/40 min walk and Zocalo is 30 min away by Metrobus. Also the airport is 30 min away by taxi.
I live very close to Insurgentes Avenue, which travers all the city from north to south, you can get anywhere in the city. There are bars, cafés, theaters, movies and all sorts of entretainment nearby. There are also many hospitals and health services around.