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

Hot Property | Ron Burkle
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.

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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.

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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.

neal.leitereg@latimes.com

Twitter: @NJLeitereg

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