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.
Details
| MLS # | PW26137735 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1958 |
| Days On Site | 65 |
| Listing Provided By | Younglewin Advisors, Inc. | Jackson Jorgensen |
Features
| SQ Feet | 20,386 |
|---|---|
| Story(s) | 2 |
| Units | 34 |
| Building(s) | 1 |
| Acreage | 0.55 |
Exterior
| Lot Features | Corner Lot |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lynwood |
| Zip Code | 90262 |
| Area | RM Lynwood |
| Listing VS Median (in 90262) | |
Price: $5,000,000 low | high Med: $728,950 sqft: 20,386 low | high Med: 1,092 $ / sqft: $245 low | high Med: $670 On site: 65 low | high Med: 30 | |
Market Activity 90262
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lynwood |
| Zip Code | 90262 |
| Area | RM Lynwood |
| Listing VS Median (in 90262) | |
Price: $5,000,000 low | high Med: $728,950 sqft: 20,386 low | high Med: 1,092 $ / sqft: $245 low | high Med: $670 On site: 65 low | high Med: 30 | |