138 acres on Hollywood’s crest is now available for sale. Boasting 360-degree vistas of greater Los Angeles from the entire San Fernando Valley to Los Angeles downtown to Catalina Island, Cahuenga Peak is on the market.

The former Howard Hughes "sweetheart" property sitting above the famous Hollywood Sign hit the market today. Acquired in 1940 by Hughes, the majestic property remained in the late business man’s estate until 2002. It is the last privately-owned promontory in the City of Los Angeles.

The property consists of five adjacent parcels of land with the freedom to develop a single family residence and guest house on each, or a single compound composed of the entire 138 acres.

This Hollywood gem is the stuff of silver screen legends. It’s highest point, Cahuenga Peak, towers over 1800 feet above Los Angeles. It’s sure to be one of the most sought-after properties in Los Angeles in quite some time.