12424 Atlantic Ave Lynwood, CA 90262
Lynwood AreaEstimated payment $32,535/month
Highlights
- 0.55 Acre Lot
- Corner Lot
- Laundry Facilities
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.
Listing Agent
Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #02022727 Listed on: 06/24/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 23,974 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Home Design
- Apartment
- Entry on the 2nd floor
Interior Spaces
- 20,386 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 54
- Tax Tract Number 13337
- Assessor Parcel Number 6186032020
- $8,824 per year additional tax assessments
Community Details
Building Details
- 34 Separate Electric Meters
- 34 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $25,483
- Professional Management Expense $20,911
- Trash Expense $11,900
- Water Sewer Expense $32,640
- Operating Expense $227,812
- Gross Income $418,212
- Net Operating Income $177,853
Additional Features
- 34 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/24/2026 06/24/26 | For Sale | $5,000,000 | -- | $245 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26137735
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.