
Active Listing
60 Units w/ No RSO @ 5.92% CAP & 10.52 GRM
424 s broadway
for sale in
DTLA
Listed Price
$
17,500,000
60
Number of Units
2006
Year Built
74,624
SF
Square Footage
9,148
SF
Lot Size
LAC4
Zoning
424 S Broadway, Los Angeles, CA 90013
About the Property
424 S Broadway 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.
60
Number of Units
2006
Year Built
74,624
SF
Square Footage
9,148
SF
Lot Size
LAC4
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$291,667
Price p/ Sq. ft.
$235
Proforma Cap Rate
6.55




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