Lerners Building, also known as Reed's, is a historic two-story building located at 533 S. Broadway in the Broadway Theater District in the historic core of downtown Los Angeles.

Lerners Building was designed by Philip Barker and built in 1931. It originally housed the women's apparel store Lerner’s.

In 1944, Grayson’s department store moved into the building and installed a Moderne façade that concealed the original surface and windows. The facade has since been removed.

In 1979, the Broadway Theater and Commercial District was added to the National Register of Historic Places, with this building listed as a contributing property in the district.

The building was sold for $1.33 million in 2014 ($1.71 million in 2023).

Lerners Building features an Art Deco design characterized by cast stone cladding. The building is organized into three bays and has an expansive recessed balcony with colored tile details. Flanking the balcony are slim bronze-framed windows with stylized floral stone details. The building is made of reinforced concrete.

In 1979, when the building was included as a contributing property in the National Register of Historic Places, marble cladding covered the windows and exterior, but this has since been removed and the building restored to its original look.

• List of contributing properties in the Broadway Theater and Commercial District