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12424 Atlantic Avenue

Lynwood CA 90262

3
3
23974 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

3 bedrooms
3 bathrooms
23974 sq. ft. lot size
Multi-Family

Happy sellers in Lynwood

87%
87% of sellers in Lynwood reported that their sale price either exceeded or met their price expectations.

Lynwood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Lynwood over the last 12 months.

Local market activity for 3 bedroom multi families in Lynwood

In the last 12 months, 5 three-bedroom multi families similar to 12424 Atlantic Avenue, have been sold.

This represents a 300% decrease in three-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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