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Biscuit Still Waiting for You

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In February 2009, the sprawling penthouse in downtown's Biscuit Lofts--aka actor Nicolas Cage's former rental---hit the market for $3.7 million (after originally being offered at $4.9 million last year), fell to $3.1 million in March and has fallen again this week to $2.945 million. In related penthouse news, a penthouse in Elleven that sold for $1.6 million last year was listed today for $1.399 million. How low will you go? [Redfin]

Biscuit Lofts

1850 Industrial St., Los Angeles, CA