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Property

Los Angeles, CA 90013 424 S Broadway

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Presented By: Kenny Stevens with Compass;
  • MLS# 25508413
  • 03/07/2025
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  • Beds • 45
  • Baths • 60
  • SQFT • 74,624
  • Year Built • 1906

Home Details

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.
Presented By: Kenny Stevens with Compass;

Interior Features for 424 S Broadway

Bedrooms

Total Bedrooms45

Bathrooms

Half Baths0
Total Baths60
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories10

General for 424 S Broadway

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator
Attached Garage No
Cap Rate5.92
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
DirectionsLocated just south of 4th St, The Judson is 2 blocks from Pershing Square and Grand Central Market. In addition, the subject property is less than a mile from Museum Row & LA Live/ Crypto.com Arena/ Fi
Electric On Property Y/NNo
Facing DirectionWest
Full Baths
Garage Y/NNo
Gross Income1663903.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet9010.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income1036334.0
New ConstructionNo
Number Of Units Total60
Occupancy TypeTenant
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesKeyCardEntry
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
ViewCityLights
Year Built1906
ZoningLAC4

Exterior for 424 S Broadway

Building Area Total74624.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2068
Lot Size Area9010.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesOffSite
Private PoolNo
SpaNo
Total Parking60.0
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $17,500,000
MLS#25508413
List Date 03/07/2025
Property Type Multi-Family
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