The hotel has just been bought by a nice couple who's starting to refurbish it. The reason why you see a low nightly rate is because the hotel is very old and absolutely needs to be re-done.
This said, I was positively impressed overall by the location (it's very close to Polk, not far from Lombard and the Embarcadero and you can easily walk around to cafes and restaurants), the parking (two floors of free parking!) and the management. I definitely felt I got more than I paid foor: a bed, a roof and a nice parking.
You must not book here if you are picky. This is a budget motel that needs renovation. Only for easy travelers.
Most of the positive experience is due to the owner/manager who is extremely attentive, kind and helpful.
We had a little issue with our first room and he promptly came up to check and switch us to a different room.
He has also been helping with providing water at night (the vending machine wasn't working) and this overall made me feel that the place was safe and well managed.
They will begin refurbishing the motel soon and I can't wait to go back once this is done!