Gaztambide belongs to the Chamberí district. It is bordered by Blasco de Garay streets (to the east), Cea Bermúdez (to the north), Princesa, Arcipreste de Hita and Isaac Peral (to the west) and Alberto Aguilera street (to the south).
This area is perfect for young workers and students, for its atmosphere, the great variety of leisure activities and its proximity to the universities.
Chamberí is a stately residential area with various points of cultural interest, such as the Sorolla Museum and the Canal Theatres. Madrilenians of all ages congregate in Plaza de Olavide to have tapas and young people end up in the exclusive clubs of Almagro.