$5,125,000

7306 Neo Street, Downey, CA 90241

10,524 sqft

other
Built in 1957
0.3acre lot
—— car garage
$487/sqft
Listed 6 days ago

Property Description

Introducing Twin Palms at 7306-7312 Neo Street, a prime investment opportunity in Downey, CA. This Â±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 1, 2026 at 8:07PM
Listing Office:: Morgan Skenderian : 949-251-8800
Listing Agent:: Doug Rodermund :
MLS ID:: CRPW26065659

Laundry: Other

Parking: Assigned

County: Los Angeles

Zoning: 6231006008

This listing courtesy of Doug Rodermund , Morgan Skenderian

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Williams Elementary

7530 Arnett St, Downey, CA, 90241

Grades KG-3

0.30 miles away

Stauffer Middle School

11985 Old River School Rd, Downey, CA, 90242

Grades 6-8

0.53 miles away

Warren High School

8141 De Palma St, Downey, CA, 90241

Grades 9-12

1.01 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.