12424 Atlantic, Lynwood, CA 90262
List Price: $5M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1958
Lot Size: 23,974 sq ft
Private Pool: Yes
MLS Number: PW26137735
About This Property
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.
Listing provided by: Jackson Jorgensen DRE #02022727 562-318-0215 jack@younglewin.com, Younglewin Advisors, Inc.
Source: CRMLS, MLS #: PW26137735
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.