$5,125,000/mo

7306 7312 Neo Street, Downey, CA 90241

  • 10,524 sqft
Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.
  • Property Icon Rental
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon 16 car garage
  • Property Price Per Square Feet Icon $487/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

Introducing Twin Palms at 7306-7312 Neo Street, a prime investment opportunity in Downey, CA. This ±10,524 SF building, constructed in 1957, comprises (16) immaculately renovated units, offering an attractive mix of 1, 2, and 3-bedroom layouts. With garage parking, copper plumbing, and SB721 compliance, Twin Palms provides investor peace of mind and a sought-after option in the vibrant Downey rental market. Notably, it is not subject to municipal rent control, adding further appeal. This property presents an excellent opportunity for a multifamily investor seeking a lucrative addition to their portfolio. Additionally, the property features a laundry facility, a charming courtyard, and is conveniently located in close proximity to major employment centers and freeways, enhancing its appeal as a valuable investment in the thriving Downey area.

Listing Status:
Active
Date Added:
March 26, 2026
Data Last Updated:
April 2, 2026 at 12:19AM
Listing Office:
Morgan Skenderian : 949-251-8800
Listing Agent:
Doug Rodermund : 949-251-8800
MLS ID:
PW26065659
  • Laundry: Common Area
  • Pool: None
  • Parking: AssignedParking spaces: 24
  • General: 2
  • Originating MLS: CRMLS_CRM
  • County: Los Angeles
  • Zoning: 6231006008
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRM

This listing courtesy of Doug Rodermund , Morgan Skenderian

Location

Schools Nearby

W

Williams Elementary

7530 Arnett St, Downey, CA, 90241

Grades KG-3

0.30 miles away

S

Stauffer Middle School

11985 Old River School Rd, Downey, CA, 90242

Grades 6-8

0.53 miles away

W

Warren High School

8141 De Palma St, Downey, CA, 90241

Grades 9-12

1.02 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

7370 Neo Street, Downey, CA 90241
Rental Available

$4,999,995 /mo

  • 11,344 sqft |
  • 0.3 acre lot
7370 Neo Street Downey, CA 90241

#OC25168654 - American Realty Associates