Kidder Mathews has brokered the $14,750,000 sale of The Judson, a 60-unit historic landmark located at 424 S Broadway in Downtown Los Angeles’ Historic Core District. Executive Vice President Darin Beebower and Associate Dakoda Iversen exclusively represented the seller. The transaction marks the first sale of an adaptive reuse building in Downtown Los Angeles in three years.
The building was originally constructed in 1906 and reimagined in 2006 through an $11 million gut renovation, adaptive reuse, and restoration led by David Lawrence Gray Architects. It underwent a complete transformation from an obsolete office building into a collection of sleek, contemporary loft-style residences. The renovation included full replacement of all electrical, mechanical, and plumbing systems, upgraded seismic retrofitting, and the addition of air conditioning, new decks, and a rooftop spa and garden offering panoramic city views.
“With complications related to numerous title issues, parking covenant uncertainty, Mills Act discrepancies, ALTA survey inconsistencies, currency fluctuations, and a host of other complexities, getting across the finish line was a true challenge,” said Beebower. “Executing a deal of this complexity required persistence, problem-solving, and disciplined coordination across all parties. We commend the buyer’s agents Steven Bae and Jeannie Lee for their professionalism and collaboration in helping to achieve a successful closing. Most importantly, we are thankful to have secured a result that our client was greatly satisfied with.”
Additional property details can be found at thejudsonla.com.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 54 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
