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12424 Atlantic Ave
Lynwood, CA 90262

$5,000,000 USD

Apartments For Sale  •  20,386 SF

Property Details

• Property Type Apartments
• Total Building Size 20,386 SF
• Lot Size 0.55 AC
• Building Class C
• Year Built 1958
• Zoning LYCB1*

40 Transit Score

50 Walk Score

Highlights

34 Units with a unit mix of 26- 1 bed/1 bath units, 6- Studio units, and 2- 2 bed/1 bath units

Units average 600 square feet each - larger than average units for primarily one beds

Substantial upside in rents- currently 67% below market rate- Major value add potential

Lynwood does not have municipal rent control - subject to AB-1482

Central Lynwood location- two blocks away from Janie Abbott elementary school

34 surface parking spaces

Amenities

• Heating
• Kitchen
• Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	15 min	-	7.7 mi
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	16 min	-	9.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	16 min	-	8.7 mi
Los Angeles International	22 min	-	15.0 mi
Bob Hope	40 min	-	29.2 mi