USACALynwood12424 Atlantic Ave
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$5,000,000

For Sale

14 days ago

12424 Atlantic Ave, Lynwood, CA

Condo

MLS® PW26137735

0 Bed

0 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes 
Days Active 13
Approx. Age 1958
MLS® Number PW26137735

Property Address: 12424 Atlantic Ave, Lynwood, CA, 90262-5330

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberPW26137735
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1958
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 24, 2026List Date
$5,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
12424 Atlantic Ave, Lynwood, CA

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