A rare investment opportunity in the heart of Downtown LA’s Broadway Theatre District, The Judson is a fully restored 60-unit Beaux-Arts apartment complex offering historic charm with modern convenience. Unlike most DTLA properties, The Judson is NOT subject to local rent control, allowing for annual rent increases of 5% + CPI (currently 8.9%). Additionally, as a Mills Act property, it benefits from significant tax savings of approximately 50% annually. In 2006, the building underwent an $11 million renovation led by David Gray Architects, preserving its stunning Beaux-Arts design while modernizing interiors and infrastructure. The Judson consists entirely of market-rate, turnkey units, featuring high ceilings, polished concrete floors, stainless steel appliances, Caesarstone countertops, Italian cabinetry, recessed lighting, and oversized soaking tubs. Select units offer exposed brick, balconies, and city views. Amenities include a controlled-access lobby, two elevators, a skylight stairway, a recreation room, a gym, private storage, and a rooftop sundeck with a spa, BBQ area, and breathtaking LA skyline views. Parking is secured through a long-term agreement with the California Redevelopment Agency, providing 60 dedicated spaces at 333 S. Spring St. A recognized Historic-Cultural Monument and listed on the National Register of Historic Places, The Judson is surrounded by DTLA’s finest restaurants, retail, and entertainment, making it an unparalleled investment opportunity in one of LA’s most vibrant neighborhoods.
Property Details
Price:
$17,500,000
MLS #:
25508413
Status:
Active
Baths:
0
Address:
424 S Broadway
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Mar 7, 2025
State:
CA
ZIP:
90013
Lot Size:
9,010 sqft / 0.21 acres (approx)
Year Built:
1906
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Schools
Interior
Appliances
Dishwasher, Disposal, Refrigerator
Cooling
Central Air
Flooring
Tile
Heating
Central
Exterior
Parking Features
Off Site
Parking Spots
60.00
Security Features
Card/ Code Access
Stories Total
10
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Financial
Map
Community
- Address424 S Broadway Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90013
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424 S Broadway
Los Angeles, CA
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