Daily Real Estate News | February 14, 2008
The mountaintop property that shares space with the famous Hollywood sign high above Los Angeles is for sale for $22 million.
Howard Hughes once planned to build a love nest on the spot for his paramour Ginger Rogers.
The property offers a 360-degree panoramic view of the Los Angeles Basin and the San Fernando Valley, says Fox River Financial Resources, which acquired the land in 2002 for less than $1.7 million.
The Los Angeles City Council members say they want the city to buy the property and are opposed to homes being built on the peak.
Source: The Associated Press (02/13/2008)
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