424 S Broadway new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90013
Key Details
Property Type Multi-Family
Sub 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
Year Built 1906
Lot Size 9,010 Sqft
Property Sub-Type Multi-Family
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 Downtown L.A.
Zoning LAC4
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Flooring Cement, Tile
Equipment Built-Ins, Cable, Garbage Disposal, Freezer, Range/Oven, Refrigerator, Dishwasher
Laundry Community
Exterior
Parking Features Offsite
Garage Spaces 60.0
View Y/N Yes
View City, City Lights
Building
Story 10
Others
Special Listing Condition Standard