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Rosas Apartments 12424 Atlantic Ave 34 Unit Apartment Building $5,000,000 ($147,059/Unit) 3.56% Cap Rate Lynwood, CA 90262
Investment Highlights
- 34 Units with a unit mix of 26- 1 bed/1 bath units, 6- Studio units, and 2- 2 bed/1 bath units
- Substantial upside in rents- currently 67% below market rate- Major value add potential
- Central Lynwood location- two blocks away from Janie Abbott elementary school
- Units average 600 square feet each - larger than average units for primarily one beds
- Lynwood does not have municipal rent control - subject to AB-1482
- 34 surface parking spaces
Executive Summary
Young Lewin Advisors, as the exclusive listing agent, is 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.
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.
Property Facts
| Price | $5,000,000 | Property Subtype | Apartment |
| Price Per Unit | $147,059 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.56% | Lot Size | 0.55 AC |
| Gross Rent Multiplier | 11.96 | Building Size | 20,386 SF |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Zoning | LYCB1* | ||
| Price | $5,000,000 |
| Price Per Unit | $147,059 |
| Sale Type | Investment |
| Cap Rate | 3.56% |
| Gross Rent Multiplier | 11.96 |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 20,386 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Zoning | LYCB1* |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 34 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6186-032-020 | Improvements Assessment | $1,876,608 |
| Land Assessment | $356,538 | Total Assessment | $2,233,146 |
Property Taxes
Parcel Number
6186-032-020
Land Assessment
$356,538
Improvements Assessment
$1,876,608
Total Assessment
$2,233,146
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Rosas Apartments | 12424 Atlantic Ave