A courtyard apartment complex located just east of Paramount Pictures is slated for a conversion to a boutique hotel, according to plans filed yesterday with the City of Los Angeles.

The property, located at 5212 W. Melrose Avenue, currenty features seven residential units in a one-story structure that dates back to the early 1920s.  Post-conversion, the approximately 10,000-square-foot structure would feature 18 guest rooms and a small lobby.

City records list the project's applicant as Molasky Ventures, a real estate firm based out of Las Vegas, Nevada.

Several investors have targeted the neighborhood surrounding Paramount Puctures for multifamily residential buildings in recent years.  A 52-unit development is planned less than a half-mile west on Melrose Avenue.

Image via Google Maps

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More Renderings for Santa Monica Office Complex

Three-story building to rise near the Expo Line's 17th Street/Santa Monica College Station.

Earlier this month, the Santa Monica Architectural Review Board took a look at the Colorado & Euclid development, a proposed mixed-use office building near the Expo Line's 17th Stree/Santa Monica Station.

Slated for the northwest corner of Colorado Avenue and Euclid Street, the propsoed development would repla