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Request Info$5,000,000
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12424 Atlantic Overview
- Time on Site:
- 6 days
- Visits:
- 0
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.
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12424 Atlantic Facts & Features
- Type Multi-Family
- Sq. ft. 20,386
- Price/Sq.ft. $245
- Lot 0.55 Acres
Details
General
Association/HOA
- Common Interest: Community Apartment
Income/Expenses
- Gross Income: 418212.0
- Gross Scheduled Income: 418212.0
- Insurance Expense: 25483.0
- Net Operating Income: 177853.0
- Operating Expense: 227812.0
- Trash Expense: 11900.0
- Water Sewer Expense: 32640.0
Building Information
- New Construction: No
- Year Built: 1958
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: RM - Lynwood
- Postal City: LYNWOOD
Community/Development
- Community Features: Urban
Rent/Lease Information
- Land Lease: No
General Information
- Listing Terms: Contract
- Parcel Number: 6186032020
- Property Sub Type: Apartment
- Property Type: Residential Income
- Rent Control: No
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage: No
Building Interior
- Building Area Total: 20386.0
- Building Area Units: Square Feet
General Information
- Common Walls: 2+ Common Walls
- Entry Level: 2
- Entry Location: Front
- Laundry Features: Common Area
- Stories Total: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Features: Corner Lot
- Lot Size Acres: 0.5504
- Lot Size Area: 23974.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 23974.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 34
- Number Of Separate Gas Meters: 34
- Number Of Separate Water Meters: 1
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: Yes
General Information
- Number Of Units Total: 34
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
12424 Atlantic Neighborhood
Community
90262 (LYNWOOD) Demographics
31
Median Age
14,143
Population Density (per sq. mile)
11%
College Educated
$57,236
Estimated Median Income
7,311
Estimated Total Home Owners
7,943
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.12424 Atlantic Monthly Cost
12424 Atlantic Market Data
Based on the last 30 days in this zip code
$680,879
Average List Price
$493
Average Price per Square Foot
4
Properties Sold
74
Average Days on Market
69
Properties for Sale
12424 Atlantic History
| Date | Value | Agent |
|---|---|---|
| 6/24/2026Source: CRMLS | June 24, 2026 |
Listing provided courtesy of Younglewin Advisors, Inc.Jackson Jorgensen- MLS# PW26137735
Contact Information: 562-318-0215
Contact Information: 562-318-0215