$5,000,000
About this home
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.
Facts & features
- Laundry
- Common Area
- Lot size
- 0.55 acres (23,974 sq ft)
- Pool
- None
- Year built
- 1958
- Area
- RM - Lynwood
- County
- Los Angeles
- Community features
- Urban
- Status
- Active
- Property type
- Apartment
- Days on market
- 6
- Listed
- 2026-06-24
- Terms
- Contract
- Parcel #
- 6186032020
- MLS #
- PW26137735
