Billionaire sells Eastern Columbia penthouse in highest price psf deal in Historic Core

TRD LOS ANGELES /
Oct.October 14, 2016 02:00 PM

Like a true investor, billionaire Ronald Burkle just sold his Eastern Columbia loft in one of the priciest residential deals in the submarket — $2.5 million, or $1,244 per square foot.

The penthouse came on the market just two weeks ago and asked $3 million, the L.A. Times reported. Partners Trust’s Kevin Dees and Nick Segal were the listing agents. The buyer was represented by Marty Walker of John Aaroe Group.

Although it has only one bedroom, the three-story unit features ample living areas, including open living and dining rooms, a lounge and a chef’s kitchen. There are also two full bathrooms and a terrace with an outdoor dining area and its own fireplace.

The stylishly contemporary apartment has a range of loft-y essentials, such as concrete floors, exposed ductwork and a steel-frame staircase.

Earlier this week, Johnny Depp sold another penthouse in the building for $2.5 million. He has four more units currently listed. Burkle has quite the real estate portfolio, including the Frank Lloyd Wright-designed Ennis House in Los Feliz. [LAT]Cathaleen Chen


Related Articles

arrow_forward_ios
Rendering of 1400 South Flower Street (Credit: DLANC)

Shovel-ready in DTLA: Multifamily developer seeks $20M for construction site

Rod Richerson, Western regional president for KBS and Union Bank Plaza

Union Bank Plaza’s $20M makeover starts years after KBS failed to sell the building

John Westerfield is CEO of MFA and a rendering 8th & Fig (Credit: DLANC)

Mitsui Fudosan’s 438-unit tower project advances past appeals

Holland Partner Group’s 2 luxury towers add 575 units to DTLA

City seeks developer for planned DTLA tower to replace Parker Center

The fall of DTLA’s power broker: Without Jose Huizar, can developers still count on a friendly City Council?

GreenOak and Rising Realty refinance CalEdison with $111M loan

Rehab of DTLA’s Sassony Building moves forward

arrow_forward_ios