We were a group of 7 persons and spent 2 nights in Milano. The Place was great - it was clean, had a lot of space, a coffee maker, a kitchen and very comfortable beds. It was quiet in the night and it took us about 10 minutes to get to the "Arco della Page". There are a few good bars and restaurants. You can get really cheap drinks and huge Pizzas.
We also walked downtown through the park - it took us about 30 minutes. A taxi back home after partying or sightseeing is 10 euros but there is also a pretty good metro and bus transfer. We can totally recommend this place to everyone!