Property Detail
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.
Map Location
Listing provided courtesy of Jackson Jorgensen of Younglewin Advisors, Inc.. Last updated 2026-06-28 08:11:34.000000. Listing information © 2025 CRMLS.
San Diego Office:
6904 Federal Blvd.
Lemon Grove, CA 91945
(619) 825-9560
Temecula/Murrieta Office:
29910 Murrieta Hot Springs Rd. Ste E
Murrieta, CA 92563
(951) 677-0083
CA DRE# 1271639
Corporate DRE #02215045
NMLS Individual #326258
NMLS Corporate #2524339
Destiny Six Financial
Destiny Six Financial is a family-owned and operated, real estate and mortgage company. We have been serving Southern California for over 20+ years. At Destiny Six Financial, we strive to treat every client with the respect and personal service that you deserve. We understand the big commitment you are making in buying or selling a home, refinancing a mortgage, or cashing out your home equity, and we are here to make that journey an easy process for you.
Call us today at one of our convenient locations:
San Diego Office: 619.825.9560
Temecula/Murrieta Office: 951.677.0083
San Diego: 6904 Federal blvd. Lemon Grove ca. 91945
Temecula: 29910 Murrieta Hot Springs Rd. Ste E. Murrieta ca 92563
CA DRE# 1271639
Corporate DRE #02215045
NMLS Individual #326258
NMLS Corporate #2524339
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