This block-long pretty on Melrose has been known as the Hollywood Melrose Hotel, the Melrose Arms, and the Monte Cristo Island Apartments. And now it's the Hollywood Historic Hotel. The building, which is on the National Register of Historic Places, was on the market back in 2008 at $14.9 million, but doesn't appear to have sold. Instead, Edmon Simonian, who operates the furniture store on the ground-level, along with his daughter Mercedes, have restored the 1927 S. Charles Lee building to its former glory and reopened recently as a very budget hotel. According to the Larchmont Chronicle, "The 62 rooms have their original bathtubs, sinks and mirrors, and the lobby’s leaded stained glass windows and other authentic touches from 1927 have also been restored." They're charging $49 per night for two people, to which we say "Are you sure?"
· Hollywood Historic Hotel [Official Site]