34-Unit Multifamily Apartment
For Sale
$5,000,000
12424 Atlantic, Lynwood, CA 90262
Apartment property with varied floor plans, surface parking, and convenient access to major freeways.
Property Size20,386 SF
Days on Market43
Property Features for 12424 Atlantic
General Information
Standard status
Active
Size
20,386 SF
Total Parking Spaces
34
Property subtype
Apartment
Units
Unit Mix
26 x 1BR/1BA, 6 x studio, 2 x 2BR/1BA
Multifamily Units
34
Additional Details
Highway Access
Yes
Building Details
Building Size
20,386 SF
Year Built
1958
Abandoned
No
Listing Agency:
Younglewin Advisors, Inc.
Listed By:
Jackson Jorgensen · License #02022727
Source:
Velocityrealtysd
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 5 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Younglewin Advisors, Inc.
Investment Insights
Based on property information with market context.
The 34-unit apartment property was built in 1958 and includes 26 one-bedroom/one-bath residences, six studios, and two two-bedroom/one-bath residences. Units average approximately 600 square feet, providing comparatively spacious layouts within the property’s configuration. Surface parking for 34 vehicles is positioned behind the building.
Located in Lynwood, the property sits two blocks from Janie Abbott Elementary School and next to an established single-family residential area. The 710 and 105 freeways are approximately two minutes away, providing direct regional commuter access. The property is not subject to a municipal rent control ordinance; the source information states that California AB-1482 applies, with annual increases of up to 8.7% effective August 1, 2026.
Located in Lynwood, the property sits two blocks from Janie Abbott Elementary School and next to an established single-family residential area. The 710 and 105 freeways are approximately two minutes away, providing direct regional commuter access. The property is not subject to a municipal rent control ordinance; the source information states that California AB-1482 applies, with annual increases of up to 8.7% effective August 1, 2026.
Key Highlights
- 34‑unit apartment building constructed in 1958
- Unit mix includes 26 one‑bedroom/one‑bath units, six studios, and two two‑bedroom/one‑bath units
- Units average approximately 600 square feet
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $648.3k | $31.80 |
| − Vacancy | −$51.9k | −$2.54 |
| EGI | $596.4k | $29.26 |
| − OpEx | −$268.4k | −$13.17 |
| NOI | $328.0k | $16.09 |
20,386 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.69M
$4.10M – $5.47M
NOI $328,027 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.91M
$9.55M – $12.73M
NOI $764,021 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
34
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with varied floor plans, surface parking, and convenient access to major freeways.
Where is this apartment building located?
The property is located at 12424 Atlantic Lynwood, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 34‑unit apartment building constructed in 1958; Unit mix includes 26 one‑bedroom/one‑bath units, six studios, and two two‑bedroom/one‑bath units; Units average approximately 600 square feet
