424 Broadway, Los Angeles, CA 90013
  • MLS#: 25508413 ( )
  • Street Address: 424 Broadway
  • Viewed: 5
  • Price: $16,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1906
  • Bldg sqft: 0
  • Days On Market: 290
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90013
  • Provided by: Compass
  • Contact: Kenny Kenny
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Refrigerator
Building Area Total
  1. 74624.00
Common Walls
  1. 1 Common Wall
Cooling
  1. Central Air
Country
  1. US
Direction Faces
  1. West
Flooring
  1. Tile
Heating
  1. Central
Laundry Features
  1. Community
Levels
  1. Multi/Split
Netoperatingincome
  1. 1062314.00
Parcel Number
  1. 5149024009
Parking Features
  1. Off Site
Property Condition
  1. Updated/Remodeled
Security Features
  1. Card/Code Access
Sourcesystemkey
  1. 25508413:CLAW
Stories Total
  1. 10
Totalexpenses
  1. 589222.00
View
  1. City Lights
Year Built
  1. 1906
Zoning
  1. LAC4