424 S Broadway Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90013
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 74,624 sqft
Price per Sqft $221
MLS Listing ID 25508413
Bedrooms 45
Construction Status Updated/Remodeled
Year Built 1906
Lot Size 9,010 Sqft
Acres 0.2068
Property Sub-Type Multi-Family
Property Description
In a city where historic character and LA rent control exemption rarely align, The Judson stands out as a truly irreplaceable Downtown asset. The Judson, a 60-unit Beaux Arts landmark on South Broadway, sits at the center of the Broadway Theatre District, where the city's past and future intersect. Initially completed in 1906 and revitalized in 2006 through a $11 million renovation by David Gray Architects, the property seamlessly combines early 20th-century craftsmanship with a modern design sensibility. The restoration preserved the ornate faade, original cornices, and grand lobby while transforming the interiors into airy loft-style units with oversized windows, soaring ceilings, polished concrete floors, and upgraded kitchens with Caesarstone countertops and stainless steel appliances. With units averaging over approx. 1,000 square feet and a well-balanced unit mix, The Judson delivers size, scale, and versatility, all while operating entirely outside of local LA rent control. The rooftop sundeck and spa offer unmatched 360-degree views of DTLA, while residents also benefit from a gym, recreation room, private storage, skylit stairwell, two elevators, and controlled-access entry. The property holds assignable rights to 60 parking spaces in the Broadway Spring Center garage, secured under a long-term covenant with the CRA. Its Mills Act designation generates considerable annual property tax savings, offering a built-in financial advantage (buyer to verify). Priced below replacement cost at $275,000 per unit and offered at a 6.38% CAP and 9.80 GRM on in-place rents, The Judson is a legacy asset that delivers on every front: location, income, character, and control.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAC4
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Flooring Cement, Tile
Equipment Built-Ins, Cable, Garbage Disposal, Freezer, Range/Oven, Refrigerator, Dishwasher
Laundry Community
Exterior
Parking Features Offsite
Garage Spaces 60.0
View Y/N Yes
View City, City Lights
Building
Story 10
Level or Stories Multi/Split
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard