[one_fourth]Size: 4,300 sq ft[/one_fourth]
If you don’t know the name Vincent Gallo, you’re not alone. While he’s played a few roles in mainstream movies, he’s best known for directing, writing and starring in independent productions such as “Buffalo 66” and “Promises Written in Water.” You could best describe this eccentric man as a creator rather than a film artist since he also composes and plays music, paints and even writes and produces conceptual art in his merchandising area on his website. He’s quite prolific but don’t let his unusual demeanor lead you to believe he’s at all like the Hollywood A-list wanna-bees. He’s more of a cult figure than a movie star.
A recent real estate transaction went on the market that bears his name. While he might be artsy and eccentric, he’s also a businessman. From the strange items on his website, to his real estate investments, he makes this clear. Gallo purchased the Los Angeles penthouse, once rented to Nicholas Cage (who was the only person who ever lived there) in 2009. It was once the home of the National Biscuit Company—now known as Nabisco—for $2.34 million—cash. This 4,300 square foot penthouse in the renovated 1925 building is now on sale for $2.599 million to any willing buyer.
The main entrance is an expansive area that is versatile enough for almost any purpose you have in mind. It has clean pink and red bricks with white framed windows and a wooden floor. There are mountains of white staircases, which lead you to the main living area three floors higher. Of course, if you’re not into a lot of exertion, a private elevator stops on every floor.
The main living area has a living room/dining room area offering a spectacular view. It also sports a less than ornate but very attractive kitchen. Both rooms have a doorway to the outdoor terrace, which wraps around the building. There are two bedrooms and 2.5 bathrooms in the penthouse. Of course, this floor doesn’t hold the bedrooms of this 4,300 square foot renovation. You have to go up one more set of stairs to the lofted master bedroom. While there’s not much privacy because it’s simply a loft over the other living area, it also has a clear glass panel as the only separation from the bedroom and bathroom area, adding even more to the lack of privacy.
While it’s obvious that Mr. Gallo purchased the penthouse to flip, it isn’t his first act of flipping. He’s purchased and sold several other penthouses and condominiums in the area many of them in historic buildings, making a profit on some and taking a loss on others.
Pictures of Vincent Gallo’s Los Angeles penthouse
source: real estalker