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$ 5,000,000
Est. payment | /mo
3 Beds
3 Baths
0.55 Acres Lot
$ 5,000,000
Est. payment | /mo
3 Beds
3 Baths
0.55 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26137735
Bedrooms 3
Lot Size 0.550 Acres
Property Sub-Type Res Income 2-4 Units
Property 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction On Atlantic off of Bullis
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6186032020
Acceptable Financing Land Contract
Listing Terms Land Contract
Listed by Jackson Jorgensen, DRE#02022727 Younglewin Advisors, Inc.
NEARBY SCHOOL & BUSINESS
8322 Clairemont Mesa Blvd Suite 206, Diego, California, 92111, United States