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Richard Bernal

rdblistings@gmail.com +1(818) 699-7129

$ 16,500,000

Est. payment -/mo

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Price Dropped by $1.0M

424 S Broadway Los Angeles, CA 90013

45 Beds

60 Baths

74,624 SqFt

UPDATED:

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

Lot Size 9,008 Sqft

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.

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

Listed by Kenny Stevens Compass

Richard Bernal

Agent | License ID: 02090098

+1(818) 699-7129

Richard Bernal

424 S Broadway Los Angeles, CA 90013

Key Details

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Exterior

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424 S Broadway