Date
Details
Price
Change
Source
6/24/2026
Listed
$5,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$5,000,000 Just Listed
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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.
Full Property Details
Full Property Details for 12424 Atlantic
General
- Price: $5,000,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26137735
- Updated: 6/24/2026
- Days on Market: 1 days
- Added to Site: 2 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: RM - Lynwood
- County: Los Angeles
- Development Name: RM - Lynwood
- Driving Directions: On Atlantic off of Bullis
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 34
- # Electric Meters: 34
Structural Information
- Entry Location: Front
- Square Feet: 20,386
- Year Built: 1958
Unit Information
Unit 1
- Number of Units: 26
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 6
- Total Bathrooms: 1
Unit 3
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.5504
- Lot Size (Sq. Ft.): 23,974
- Lot Size Source: Assessor
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $245.27
- Price Per Unit: 147059
Listed by Younglewin Advisors, Inc., Jackson Jorgensen
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 12424 Atlantic —
Jackson Jorgensen
Younglewin Advisors, Inc.
jack@younglewin.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 12424 Atlantic
School District:Lynwood Unified School District
| Name | Grades | Distance |
|---|---|---|
Janie P. Abbott Elementary School 5260 Clark Street, Lynwood, CA 90262 | K-6 | 0.3 mi |
Hosler Middle School 11300 Spruce Street, Lynwood, CA 90262 | 7-8 | 1.3 mi |
Marco Antonio Firebaugh High School 5246 Martin Luther King Junior Boulevard, Lynwood, CA 90262 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12424 Atlantic
Tax History
Tax History for 12424 Atlantic
Year
Property Taxes
Change
Tax Assessment
Change
2025
$39,190
9%
$2,233,146
4%
2023
$35,928
3%
$2,149,953
2%
2022
$34,747
4%
$2,107,867
2%
2021
$33,479
4%
$2,066,607
1%
2020
$32,266
-5%
$2,045,454
2%
2019
$34,124
8%
$2,001,897
2%
2018
$31,589
-1%
$1,962,645
2%
2017
$31,905
9%
$1,924,162
2%
2016
$29,328
2%
$1,886,435
2%
2015
$28,745
2%
$1,858,100
2%
2014
$28,264
-1%
$1,821,703
—
2013
$28,688
—
$1,813,471
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12424 Atlantic
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- Single Family
- Active
- Updated 3 hours ago
- 2Beds
- 1Total Bath
- 874Sq. Ft.
- Single Family
- Active
- Updated 14 hours ago
- 4Beds
- 2Total Baths
- 1,209Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,085Sq. Ft.
- Single Family
- Active
- Updated 14 hours ago
- 3Beds
- 2Total Baths
- 1,243Sq. Ft.
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- Single Family
- Active
- Updated 6 days ago
- 2Beds
- 2Total Baths
- 866Sq. Ft.
- Single Family
- Active
- Updated 3 hours ago
- 3Beds
- 2Total Baths
- 1,371Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,512Sq. Ft.
12424 Atlantic, Lynwood, CA 90262 (MLS# PW26137735) is a Multi-Family property with 34 units containing 0 bedrooms and 0 full bathrooms. 12424 Atlantic is currently listed for $5,000,000 and was received on June 24, 2026. Want to learn more about 12424 Atlantic? Do you have questions about finding other Multi-Family real estate for sale in Lynwood? You can browse all Lynwood real estate or contact a Coldwell Banker agent to request more information.