424 S Broadway , Los Angeles, CA 90013

  • $17,500,000
424 S Broadway , Los Angeles, CA 90013
Active Updated/Remodeled
424 S Broadway , Los Angeles, CA 90013
424 S Broadway , Los Angeles, CA 90013
  • $17,500,000

Description

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.

  • Address 424 S Broadway
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90013
  • Country US

Details

Updated on March 15, 2025 at 12:27 pm
  • Property ID: 25508413
  • Price: $17,500,000
  • Property Size: 74624
  • Land Area: 0.2068 Acres
  • Bedrooms: 45
  • Bathrooms: 60
  • Garage Size: x x
  • Year Built: 1906
  • Property Type: Residential Income
  • Property Status: Active

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