$ 16,500,000
-
$16,500,000
Price -
9
Bed -
9
Bath -
74,624
SqFt
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About the Listing CLW-X81461 - CLW-X90606,CLW-C135509
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.
Listing Highlights for 424 S Broadway
Status
Active
Days on Site
183
Property Type
Multi-Family
MLS ®
25508413
Year Built
1906
Total Square Footage
74,624
Lot/Acreage
0.21
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 9
- Bathrooms: 9 Full
- Appliances: Dishwasher, Disposal, Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 60
- Zoning: LAC4
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Off Site
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5149024009
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
424 S Broadway Los Angeles, CA 90013
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