Mansions Next to Hollywood Sign

 - Feb 15, 2008
References: latimes
Up to five mega mansions may soon pop up on one of the most cherished symbols of shallowness. The park behind the famous Hollywood sign in L.A. is up for sale.

"A Chicago investment group said Tuesday that Los Angeles officials had failed to come up with the cash to preserve the mountaintop next to the iconic sign, so it has put the ridge up for sale," the LA Times reported.

Is there nothing sacred anymore? Central Park next? Well no, because the city owns Central Park.

Cahuenga Peak is privately owned. An astute L.A. city representative noted that he thought the city already owned it. $22,000,000 obo.