424 S Broadway
Los Angeles, CA, 90013
$16,500,000
Beds
0 Baths
SqFt
0.21 Acres
Add
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.

Property Details

Price:
$16,500,000
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
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

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
View
City Lights

Financial

Map

Community

Similar Listings Nearby

424 S Broadway
Los Angeles, CA