About 12424 Atlantic
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 of 12424 Atlantic
| MLS® # | PW26137735 |
|---|---|
| Price | $5,000,000 |
| Sold Price | $4,125,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Lot Sqft | 23,974 |
| Acres | 0.55 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Closed |
| # Of Units | 34 |
Community Information
| Address | 12424 Atlantic |
|---|---|
| Area | RM - Lynwood |
| City | Lynwood |
| County | Los Angeles |
| Zip Code | 90262 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Corner Lot |
|---|
Additional Information
| Date Listed | June 24th, 2026 |
|---|---|
| Date Sold | September 2nd, 2026 |
| Days on Market | 54 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jackson Jorgensen |
|---|---|
| Office | Younglewin Advisors, Inc. |