Even if the penthouse sells, Gallo may not need any packing help, given that the Real Estalker blog reports he never lived in the space himself. However, the new inhabitants can bring plenty of moving boxes to fill up the expansive loft, which is four levels and features outdoor, rooftop living areas, in addition to two bedrooms and 2.5 bathrooms.
The home was once leased to actor Nicholas Cage and has an open floor plan, exposed brick walls and a floating stairway that features inch-thick maple floors.
The penthouse sits on the top of what was once the West Coast headquarters of the National Biscuit Company, which was built in 1925. After Linear City renovated the facility in 2007, 104 live-work lofts were built. The building is now a Los Angeles Historical-Cultural Monument, which allows people to pay reduced property taxes under the Mills Act.
The outdoor area of the home features 3,100 square feet of living space and includes a movie theater and great city views.
According to Zillow, the average home value in Los Angeles is $358,400.
More News