If L.A.’s boutique hotels are too hard on your wallet, this boutique hostel could be the answer. Set in a mature garden, it occupies a stately 1920s manor home that later became a boarding house for some of Hollywood’s biggest stars early in their careers. You’re within steps of the Dolby Theatre and a block from Hollywood Boulevard, the Chinese Theatre and the Walk of fame. It’s not much farther to the Runyon Canyon Trail and its fantastic views of the Hollywood sign. Though the atmosphere is relaxed, you’re surrounded by Hollywood’s night life, restaurants, and ample transportation options that bring Universal Studios, The Grove and Beverly Hills within easy reach. With period furniture, abundant windows and Craftsman architectural detail, the private rooms are more akin to a B&B than a traditional hostel. Breakfast here is DIY, though, with everything except milk provided. The staff is as friendly as it is resourceful. Tip: Pay cash to avoid the bank credit-card fees, which are passed on to guests.