Land Next to Hollywood Sign Once Owned by Howard Hughes Up for Sale for $22M

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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.

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