BURBANK, CA--A 62-unit 1970s Burbank apartment building with a luxurious penthouse intended to be occupied by the owner has been purchased by Champion Real Estate Co. for $15.6 million.
The complex at 600 E. Olive St., made up primarily of two-bedroom, two-bath apartments, also has an 8,000-square-foot penthouse with a rooftop deck and private swimming pool, real estate broker Tyler Stevens of Lee & Associates told the Los Angeles Times.
“It reflects an era gone by when builders constructed apartment buildings with an owner unit, and this particular owner unit was highly unusual,” Stevens said.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
