Vincent Gallo Selling L.A. Loft -- It's Gritty and Overpriced

Actor and director Vincent Gallo is just the type of Hollywood personality who would eschew Malibu for the industrial grit of downtown Los Angeles.

Best known for directing Buffalo '66, Gallo has apparently had enough of the low life and has put his 1,650 square-foot live/work loft space in the Toy Factory building on the block (see photos below).

Trouble is, his $698,000 asking price is off the mark. "It's high,'' says René Avedon, a real estate agent at Prudential California Realty. "Based on the comps and last sales in the building, it's high. But don't tell him that.''