On the corner of Franklin and Cherokee sits “10 stories of luxury and comfort”: the Montecito. Ahead of the residential hotel’s 1931 grand opening, reservations were accepted to rent the 79 furnished units, a mix of singles ($90) and doubles ($175). Amenities included subterranean garage, 24-hour service, Hollywood views — and eventually a commissary, despite one opposing councilman’s argument that residents were too “lazy” to go to the market.