CA > Los Angeles
Los Angeles, CA 90013,424 S Broadway
Los Angeles, CA 90013,424 S Broadway
Los Angeles, CA 90013,424 S Broadway
Los Angeles, CA 90013,424 S Broadway
Los Angeles, CA 90013,424 S Broadway
Los Angeles, CA 90013,424 S Broadway
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Kari Wheeler

Kari Wheeler

+1(530) 693-1777
$ 17,500,000
Est. payment | /mo

45 Beds

60 Baths

74,624 SqFt

Save
$ 17,500,000
Est. payment | /mo
Save

45 Beds

60 Baths

74,624 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 74,624 sqft

Price per Sqft $234

MLS Listing ID 25508413

Bedrooms 45

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1906

Lot Size 9,008 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC4

Interior

Heating Central

Cooling Central Air

Flooring Tile

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator

Laundry Common Area

Exterior

Parking Features Off Site

View Y/N Yes

View City Lights

Total Parking Spaces 60

Building

Faces West

Story 10

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5149024009

Security Features Key Card Entry

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Kenny Stevens • Compass
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424 S Broadway