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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.

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125-Unit Affordable Housing Development Completed in Westlake

LINC Housing Corp. built the $57-million project.
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LINC Housing has completed construction of Mosaic Gardens at Westlake, a new affordable housing community located just west of Downtown Los Angeles.

The $57-million development rose from a long-vacant lot at the corner of Beverly Boulevard and Lucas Avenue, and consists of a six-story building featuring 125 one-, two-, and three-bedroom apartments serving the formerly homeless, low-income families, and seniors.  Rents in the building are set between $398 and