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$ 17,500,000
Est. payment | /mo
74,624 SqFt
$ 17,500,000
Est. payment | /mo
74,624 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 74,624 sqft
Price per Sqft $234
MLS Listing ID CL25508413
HOA Y/N No
Year Built 1906
Lot Size 9,010 Sqft
Acres 0.21
Property Sub-Type Other
Property 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-Cultur
Location
State CA
County Los Angeles
Zoning LAC4
Interior
Heating Other
Cooling Central Air
Flooring Tile
Fireplace No
Laundry Community Facility
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 5149024009
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Listed by Kenny Stevens • Compass