For Sale, 138 Acres, Nice View

Would you like to pick up a nice little parcel with a good view of Hollywood, and in fact a good view of the Hollywood sign:

LOS ANGELES — A "for sale" sign is going up next to the Hollywood sign.

A group of Chicago investors are putting the 138 acres of mountaintop property just to the west of the "H" in the Hollywood sign on the market Wednesday.

The Fox River Co. said the property, once owned by Howard Hughes, offers a stunning 360-degree panorama of the Los Angeles Basin and the San Fernando Valley.

The asking price: $22 million.

Hughes once planned to build a love nest there for his then paramour Ginger Rogers. Though their relationship didn't last, the property remained undeveloped and in the eccentric billionaire's trust for decades.

The land, which includes the 1,820-foot-high Cahuenga Peak, was sold to Fox River in 2002 for $1,675,000. It consists of five parcels and homes can still be built on it, the company said in a press release.

I'm going up to Hollywood on Saturday. Maybe I'll give it a look.