424 Broadway, Los Angeles, CA 90013
  • MLS#: 25508413 ( )
  • Street Address: 424 Broadway
  • Viewed: 1
  • Price: $17,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1906
  • Bldg sqft: 0
  • Days On Market: 5
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90013
  • Provided by: Compass
  • Contact: Kenny Kenny
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Refrigerator
Building Area Total
  1. 74624.00
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. 1036334.00
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. 585972.00
View
  1. City Lights
Year Built
  1. 1906
Zoning
  1. LAC4