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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 - Pro Forma 7.13 GRM and 8.67% Cap Rate
Lynwood does not have municipal rent control - subject to AB-1482 allowing 8.7% rent increases (as of August 2026)
Central Lynwood location- two blocks away from Janie Abbott elementary school
34 surface parking spaces

Amenities

  • Heating
  • Kitchen
  • Range

Public Transportation

Commuter RailDriveWalkDistance
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
AirportDriveWalkDistance
Long Beach (Daugherty Field) 16 min - 8.7 mi
Los Angeles International 22 min - 15.0 mi
Bob Hope 40 min - 29.2 mi
Jack Jorgensen 626-399-2415 Young Lewin Advisors
Jack Jorgensen 626-399-2415 Young Lewin Advisors