424 S Broadway, also known as The Judson, is a 60-unit DTLA multifamily trophy property offering investors a rare blend of scale, architectural pedigree, and freedom from LA rent control. Originally constructed in 1906 and meticulously restored in 2006 by David Gray Architects, this Los Angeles multifamily landmark is a cornerstone of the Broadway Theatre District—where historic charm meets the momentum of Downtown revitalization.

The Judson stands out for its distinctive Beaux Arts design, complete with an ornate façade, original cornices, and a grand lobby that evokes early 20th-century craftsmanship. Inside, the building has been reimagined for the modern renter with expansive loft-style units averaging over 1,000 square feet. Each unit features oversized industrial-style windows, soaring ceilings, polished concrete floors, Caesarstone countertops, and stainless steel appliances—blending old-world elegance with contemporary finishes.

Beyond the interiors, residents enjoy access to premium amenities including a rooftop sundeck and spa with panoramic views of Downtown Los Angeles, a gym, recreation room, private storage, controlled-access entry, two elevators, and a skylit central staircase. The property includes assignable rights to 60 parking spaces at the adjacent Broadway Spring Center garage, secured through a long-term covenant with the CRA.

Adding to its financial strength, The Judson benefits from Mills Act tax savings, significantly reducing annual property tax liability. Priced well below replacement cost at $275,000 per unit and offered at a 6.38% CAP rate and 9.80 GRM on in-place rents, 424 S Broadway represents a rare opportunity to own a fully renovated, rent-control-exempt, legacy-caliber DTLA multifamily asset. With historic charm, modern infrastructure, and strong income metrics, The Judson checks every box for long-term Los Angeles multifamily investors.