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    The Largest CRE Database in the US with Over 1 Million Listings

    424 S Broadway Los Angeles, CA 90013

    Sponsored
    For Sale
    Pending
    $16,500,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    74,624 SF
    Lot size:
    0.21 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 23 at 12:06 pm

    Property Features for 424 S Broadway

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LAC4
    Rooms
    Bathroom 23, Bathroom 43, Bedroom 21, Bathroom 32, Bedroom 12, Bathroom 22, Bathroom 21, Bedroom 10, Bedroom 29, Bathroom 40, Bathroom 33, Bedroom 42, Bathroom 27, Bedroom 2, Bathroom 51, Bedroom 4, Bedroom 5, Bedroom 16, Bathroom 1, Bedroom 32, Bedroom 23, Bathroom 31, Bathroom 3, Bathroom 24, Bathroom 14, Bathroom 49, Bedroom 11, Bathroom 16, Bedroom 36, Bathroom 56, Bathroom 13, Bathroom 29, Bathroom 5, Bathroom 48, Bedroom 9, Bathroom 20, Bathroom 6, Bathroom 58, Bedroom 19, Bathroom 19, Bedroom 26, Bedroom 7, Bathroom 41, Bathroom 53, Bathroom 25, Bedroom 8, Bedroom 34, Bathroom 8, Bathroom 28, Bedroom 35, Bathroom 34, Bathroom 7, Bedroom 22, Bedroom 40, Bathroom 45, Bedroom 31, Bedroom 45, Bedroom 30, Bedroom 14, Bathroom 60, Bathroom 46, Bedroom 17, Bathroom 52, Bathroom 59, Bedroom 25, Bedroom 13, Bathroom 54, Bedroom 20, Bedroom 44, Bathroom 44, Bedroom 28, Bathroom 17, Bathroom 35, Bedroom 24, Bathroom 36, Bathroom 38, Bedroom 6, Bedroom 39, Bedroom 1, Bathroom 9, Bedroom 38, Bathroom 30, Bedroom 3, Bathroom 50, Bedroom 15, Bathroom 57, Bathroom 15, Bathroom 4, Bedroom 18, Bedroom 37, Bathroom 10, Bathroom 42, Bathroom 47, Bathroom 55, Bedroom 43, Bathroom 26, Bathroom 12, Bedroom 33, Bathroom 37, Bathroom 2, Bathroom 39, Bathroom 11, Bedroom 27, Bedroom 41, Bathroom 18
    Bedrooms
    45
    Bathrooms
    60
    APN
    5149-024-009
    Parking
    60
    Parking features
    Offsite
    Size
    74,624 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1906
    Number of units
    60
    Flooring type
    Cement, Tile

    We can help!

    Listing Contact
    Kenny Stevens

    Compass

    Listing agent Kenny Stevens (310) 230-5478 License #01090251

    Listing date Dec 19, 2025

    MLS# 25508413 Listing URL

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Beaux Arts Multifamily Asset

    The Judson, a 60-unit Beaux Arts landmark, is located in the Broadway Theatre District. Constructed in 1906 and revitalized in 2006 through an $11 million renovation by David Gray Architects, the property combines early 20th-century craftsmanship with a modern design. The restoration preserved the ornate facade, original cornices, and grand lobby, while transforming the interiors into loft-style units with oversized windows, soaring ceilings, polished concrete floors, and upgraded kitchens with Caesarstone countertops and stainless steel appliances. Units average approximately 1,000 square feet. The property includes a rooftop sundeck and spa with 360-degree views of Downtown Los Angeles, a gym, recreation room, private storage, a skylit stairwell, two elevators, and controlled-access entry. The property has assignable rights to 60 parking spaces in the Broadway Spring Center garage, secured under a long-term covenant. Its Mills Act designation generates property tax savings. The property, operating outside of local LA rent control, is situated on a lot of approximately 0.2068 acres and has a building size of 74,624 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Judson Apartment Building Joe Huser Attorney The Kreative Bee Photographer 3 Sets of 12 Personal Trainer Licha's Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Daycare Center Grocery Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.249658
    Latitude
    34.04867

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    FAQs

    What type of property is this?
    Apartment building - 60-unit building in Downtown Los Angeles with modern amenities.
    Where is this apartment building located?
    The property is located at 424 S Broadway Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $16,500,000.
    What are key features of this property?
    This property features: - Exempt from LA Rent Control: A significant advantage.; - Historic Beaux Arts Landmark: A unique and irreplaceable asset.; - Prime Location in Broadway Theatre District: Situated at the intersection of the city's past and future.
    (310) 230-5478
    Request Owner's contact information
    424 S Broadway Los Angeles, CA 90013
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    Los Angeles, CA 90013
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    424 S Broadway Los Angeles, CA 90013
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    We can help!
    Listing Contact
    Kenny Stevens
    Real Estate License ID: 01090251
    (310) 230-5478
    Learn more
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