424 S Broadway, Los Angeles, CA 90013
Local realty services provided by:ERA Excel Realty
424 S Broadway,Los Angeles, CA 90013
$16,500,000
- 45 Beds
- 60 Baths
- 74,624 sq. ft.
- Multi-family
- Active
Listed by:kenny stevens
Office:compass
MLS#:25508413
Source:CRMLS
Price summary
- Price:$16,500,000
- Price per sq. ft.:$221.11
About this home
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.
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Home facts
- Year built:1906
- Listing ID #:25508413
- Added:225 day(s) ago
- Updated:September 26, 2025 at 10:46 AM
Rooms and interior
- Bedrooms:45
- Total bathrooms:60
- Living area:74,624 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1906
- Building area:74,624 sq. ft.
- Lot area:0.21 Acres
Finances and disclosures
- Price:$16,500,000
- Price per sq. ft.:$221.11
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