Apartment for sale in Southern California — $5,000,000. 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, an…
$5,000,000
12424 Atlantic, Lynwood, CA 90262
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 updated: June 30, 2026 at 1:15 PM
Listed by: Jackson Jorgensen, Younglewin Advisors, Inc.
Source: CRMLS, MLS#: PW26137735, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/24/2026 Source: CRMLS, #PW26137735 | Listed for sale | $5,000,000 |
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