424 S Broadway Los Angeles, CA 90013 Active
UPDATED: 09/02/2025 06:21 PM ON MARKET: 282 days on market
$16,500,000
45 Beds60 Baths74,624 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 74,624 sqft
Price per Sqft $221
MLS Listing ID 25508413
Bedrooms 45
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1906
Property Description
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.
Listed by Kenny Stevens Compass