For nearly $5 million, a piece of Los Angeles' musical soul is up for grabs as the city's oldest vinyl sanctuary, The Record Collector, has been listed for sale. Nestled in the creative bustle of the Melrose Arts District, the legendary establishment, replete with over half a million rare records, could soon change hands after a harmonious 60-year run by current owner Sanders Chase. According to a recent report by FOX LA, the shop beckons a new proprietor to step into its storied 3,338 sq feet.

Chase, who was merely 22 when he first founded The Record Collector with an initial offering of 10,000 classical recordings, has seen his venture burgeon into a cultural cornerstone, frequented by music royalty such as Michael Jackson, Frank Sinatra, and Bette Midler the listing describes The Record Collector as carrying "the analogue torch for 50 years," and in a statement obtained by FOX LA, it proudly states that the store "has made its groove and is here for eternity." The Record Collector not only offers a trove of vinyl but also a chance to own a slice of LA's rich musical tapestry.

The details of the sale were further illuminated by the property's investment highlights, courtesy of the listing on LoopNet, lauding it as a "prime location" with "high ceilings" and "one of a kind - a piece of LA's music history," this opportunity invites entrepreneurs and music enthusiasts to lay claim to a vibrant spot in the Melrose Art District, where the air thrums with potential.