This small hill side village at the end of the Malecon is a must see. Wear comfortable shoes and be prepared for quite a hard walk up the many steps to the lighthouse at the top.
I went early morning when it was cool and so it was very quiet although I think it will be much more lively in the evening when all the little bars and restaurants are open.
The houses are beautifully painted in pastel colours and its a great way to see what old Guayaquil looked like
As a women on my own I felt very safe. Both here in Malecon and the pubic parks there are plenty of security people around and I was never hassled by anyone