It's far from the station but you're close to the river, the walk to Nakameguro is beautiful and you are in walking distance to three major stations (Ebisu, Meguro, Nakameguro)
Even if the rooms are a bit small, the idea of Social Apartment is that you won't stay much in your room, you will go to the shared areas and make friends. The shared areas are very comfortable and stylish. If you have free time to enjoy the shared areas and socialize, Social Apartment is a great place for that.