12424 Atlantic, Lynwood, CA 90262
- $5,000,000
- List Price
- $5,000,000
- Status
- ACTIVE
- MLS#
- PW26137735
- Year Built
- 1958
- Lot Size
- 23,974
- Acres
- 0.55
- Lot Location
- Corner Lot
- Days on Market
- 33
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
We are pleased to present 12424 Atlantic Ave, a 34-unit multifamily investment opportunity built in 1958 in the city of Lynwood. The property offers a unit mix of twenty-six one-bedroom/one-bath units, six studios, and two two-bedroom/one-bath units, with units averaging approximately 600 square feet — notably larger floor plans than the typical one-bedroom product in this market. 34 parking surface parking spaces are located behind the building. The offering has massive value-add upside: in-place rents currently sit approximately 67% below market. The City of Lynwood has no municipal rent control ordinance, leaving the asset governed solely by California's AB-1482, which permits annual increases of up to 8.7% (effective August 1, 2026). Centrally located in Lynwood just two blocks from Janie Abbott Elementary School and adjacent to an established single-family neighborhood. Additionally, the property is two minutes away from the 710 and 105 freeways, making this a great commuter location for tenants.
/u.realgeeks.media/tonylanzhomes/Tony_Lanz_Logo_Transparent_sm.png){kind=spacer}
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 34
- Gross Scheduled Income
- $418,212
- Operating Expense
- 227812
Listing courtesy of Listing Agent: Jackson Jorgensen (jack@younglewin.com) from Listing Office: Younglewin Advisors, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.