The three-story penthouse within the Eastern Columbia Building has a contemporary air with polished concrete floors, subdued hues and modern fixtures.
Los Angeles billionaire investor Ronald Burkle has sold a penthouse within the Eastern Columbia Building for $2.5 million, among the highest prices ever paid per square foot for a residential unit in L.A.’s historic core district.
The three-story unit has a contemporary air with polished concrete floors, subdued hues and modern fixtures. Exposed ductwork and a steel-frame staircase lend a raw note to the 2,010 square feet of interior space.
The loft-style floor plan includes a living/dining area and a chef’s kitchen with chrome cabinetry on the main floor. The lone bedroom resides on the lower level and has an office and a lounge area. There are two full bathrooms.
Atop the residence, a private terrace sits below one of the Art Deco building’s four clock faces and has an outdoor dining area and a lounge with a fireplace. Views take in the downtown corridor.
The penthouse came on the market in September for about $3 million and sold in just over two weeks, records show. Actor Johnny Depp recently sold one of his five penthouses in the building for $2.545 million.
Burkle, 63, built his fortune buying and selling supermarket chains such as Ralphs, Fred Meyer Inc. and Food4Less. He has an estimated net worth of $1.55 billion, according to Forbes.
He owns the Frank Lloyd Wright-designed Ennis House in L.A.’s Los Feliz neighborhood, which he purchased in 2011 for about $4.5 million.