The Judson is a landmark building in the heart of Downtown LA’s theater district. This 60-unit historic complex recently hit the market, primed for an investor looking for a fully-renovated rental opportunity. With notable architectural details, the building was most recently reimagined by David Gray Lawrence Architects. Priced at $18,000,000, 424 S. Broadway in Downtown Los Angeles, is listed by Kenny Stevens and Max Berger at Compass.
Initially built in 1911, the structure was formerly known as the Broadway Central Building. In the 1920s, Judson Rives renovated the property and added a cinema on the ground floor. The units still boast several original details. The concrete floors have remained well-preserved, while the oversized windows and vaulted ceilings echo the building’s grandiose history.
The restoration of this historic building cost a total of $11 million. The modern upgrades include Italian cabinetry, oversized soaking tubs, and an array of communal amenities. Each unit is also fully equipped with stainless steel appliances, Caesarstone countertops, and recessed lighting. Certain units showcase exposed brick walls – another callback to the building’s rich story.
The building features a controlled-access lobby for added security. Residents have access to two elevators and a skylight stairway that fills the space with natural light. Amenities include a recreation room and a fully equipped gym. Private storage is also available for added convenience.
The rooftop is complete with a spa, sundeck, and barbecue section. The goal is for the building itself to represent a lifestyle rather than simply a place to live. The skyline views are a reminder of the ever-changing Los Angeles landscape.
Downtown LA is an evolving area with an eclectic mix of inhabitants and businesses. From wholesale shops and industrial warehouses to trendy boutiques and opulent cinemas, the Judson building overlooks it all.
Extremely rare in this dense neighborhood, secure long-term parking is available with 60 assigned spaces under a 50-year covenant with two 20-year extension options. Investors should also note that this building is not subject to rent control.
Recognized for its architectural significance, the building has been designated as both a Historic-Cultural Monument (HCM) and a listing on the National Register of Historic Places. These honors highlight its status as one of Los Angeles’ most exceptional examples of Beaux-Arts design, preserving its legacy for its future owner.
Listing: 424 S. Broadway Los Angeles, CA [Compass]
