Billionaire Ron Burkle sells penthouse in downtown L.A. for $2.5 million

Billionaire investor Ronald Burkle has sold a penthouse unit at the Eastern Columbia Building in downtown L.A. for $2.5 million.
(James Lang / Berlyn Photography | Inset: Getty Images)

It looks like Johnny Depp isn’t the only one checking out of the Eastern Columbia Building.

Los Angeles billionaire investor Ronald Burkle has sold a penthouse within the downtown landmark for $2.5 million, among the highest prices ever paid per square foot for a residential unit in the 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. Earlier this week, Depp sold one of his five penthouses in the building for $2.545 million.

Kevin Dees and Nick Segal of Partners Trust were the listing agents. Marty Walker of John Aaroe Group represented the buyer.

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 Los Feliz, which he purchased in 2011 for about $4.5 million.

Twitter: @NJLeitereg


Neighborhood Spotlight: Fairfax is bumper-to-bumper with L.A. culture

Julia Roberts finds a buyer for her oceanfront home in Hawaii

Olympic swimmer Ian Thorpe’s rustic hideaway surfaces in Laurel Canyon

Jamie Lee Curtis and Christopher Guest buy the house next door in Santa Monica