Homes for sale - 424 S Broadway, Los Angeles, CA 90013

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KiKi Freeman

admin@kikifreeman.com +1(323) 396-3918

$ 16,500,000

Est. payment | -/mo

45 Beds

60 Baths

74,624 SqFt

Save

$ 16,500,000

Est. payment | -/mo

Save

45 Beds

60 Baths

74,624 SqFt

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

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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+1(323) 396-3918

admin@kikifreeman.com

2450 Colorado Ave, Santa Monica, California, 90404, USA

424 S Broadway Los Angeles, CA 90013