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12424 Atlantic, Lynwood, CA 90262

Lynwood
Local realty services provided by:CENTURY 21 Century Real Estate
12424 Atlantic,Lynwood, CA 90262
$5,000,000
  • - Beds
  • - Baths
  • 20,386 sq. ft.
  • Multi-family
  • Active
Listed by: jackson jorgensen
Office: younglewin advisors, inc.562-318-0215
MLS#:PW26137735
Source:CRMLS

Price summary

  • Price:$5,000,000
  • Price per sq. ft.:$245.27

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...

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Home facts

  • Year built:1958
  • Listing ID #:PW26137735
  • Added:26 day(s) ago
  • Updated:July 21, 2026 at 11:02 AM

Rooms and interior

  • Living area:20,386 sq. ft.

Structure and exterior

  • Year built:1958
  • Building area:20,386 sq. ft.
  • Lot area:0.55 Acres
  • Lot Features:Corner Lot

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,000,000
  • Price per sq. ft.:$245.27
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