12424 Atlantic Avenue

Off Market

12424 Atlantic Avenue

Lynwood CA 90262

23974 sq. ft.

Multi-Family

Last sold for $4,125,000

Jackson Jorgensen, last sold this property on 02 September 2026 after 69 days on market.

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

Estimated Value

Based on this property and similar 3 bedroom multi families sold in Lynwood over the last 12 months, the estimated median property value of 12424 Atlantic Avenue is $790k.

Median value

$790k

Estimated value range

$565k - $4.13m

Median days on market

Estimated value trend

10%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Lynwood. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 12424 Atlantic Avenue

2026

Sold

$4,125,000

02 Sep 2026 by Jackson Jorgensen, of Younglewin Advisors, Inc.

Happy sellers in Lynwood

We have insufficient information to provide an overview of customer satisfaction for Lynwood. Viewing the agent profiles, reviews and sales for Lynwood can provide insights for this location.

Local market activity for 3 bedroom multi families in Lynwood

In the last 12 months, 4 three-bedroom multi families similar to 12424 Atlantic Avenue, have been sold.

This represents a 400% decrease in three-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Lynwood for a market analysis.

Ivan Londono

at Smart Equity Realty Inc

(36 reviews)

Get a market analysis

Cinthya Hernandez

at Lotus Real Estate

(21 reviews)

Get a market analysis

Rosa Pacheco

at Excellence Re Real Estate

(11 reviews)

Get a market analysis

Fadi Khalil

at Huntington Group

(11 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lynwood

Ivan Londono

Sellers who recommend Ivan Londono have praised them for being local expert, responsive, empathetic, supportive, reliable, stress-free process, and honest