12424 Atlantic
Lynwood, CA 90262
3
Bed
3
Bath
23,974Sqft(Lot)
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 fro
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1958Building Area Total: 20386Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 23974 Lot Size Acres: 0.5504 Lot Size Source: Assessor Lot Size Square Feet: 23,974 Lot Description: CornerLot
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Listing Price Information
Listing Price: $5000000Contract
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Tax Information
Parcel Number: 6186032020 Tax Lot: 54
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Location Information
Direction: On Atlantic off of Carlin WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 10965 Wright Road, Lynwood, CA, 90262 | $2,700,000 | 33 | 17 | 12,780 | 12,780 SqFt |
| 5517 - 5519 Lavinia Ave.., Lynwood, CA, 90262 | $1,150,000 | 7 | 5 | 3,437 | 3,437 SqFt |
| 4001 E Imperial, Lynwood, CA, 90262 | $649,999 | 3 | 1 | 1,229 | 1,229 SqFt |
| 5427 Rayborn, Lynwood, CA, 90262 | $699,000 | 3 | 2 | 1,294 | 1,294 SqFt |
| 11098 Hulme, Lynwood, CA, 90262 | $755,000 | 3 | 3 | 1,524 | 1,524 SqFt |
| 4049 Martin Luther King.., Lynwood, CA, 90262 | $725,000 | 3 | 2 | 1,080 | 1,080 SqFt |
| 4040 Martin Luther King.., Lynwood, CA, 90262 | $720,000 | 4 | 2 | 1,284 | 1,284 SqFt |
| 11171 Bullis, Lynwood, CA, 90262 | $1,399,000 | -- | -- | 2,598 | 2,598 SqFt |
| 11739 Thorson Avenue, Lynwood, CA, 90262 | $849,999 | 3 | 3 | 2,040 | 2,040 SqFt |
| 3673 E Imperial Highway, Lynwood, CA, 90262 | $2,195,000 | 12 | 11 | 6,150 | 6,150 SqFt |
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ByOwner last updated this listing 08/20/2026 @ 19:18
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