$5,249,000/mo

7370 Neo Street, Downey, CA 90241

  • 11,344 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $463/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Prime Investment Opportunity in the Heart of Downey Welcome to 7370 Neo Street, a well-maintained multifamily gem located in one of Downey’s most desirable residential neighborhoods. This income-producing property features 14 spacious units, each offering comfortable layouts, private entrances, and dedicated parking. Nestled on a 13,068 sf lot, the property provides a rare combination of location, stability, and upside potential. 10 units are 2-bed, 1.5-bath and 4 units are 3-bed, 1.5 bath, and several have been recently updated with modern finishes, upgraded kitchens, newer flooring, and refreshed bathrooms (see interior pics). On-site amenities include [laundry facilities, carports, private yards, 14 parking spaces. Tenants enjoy walking distance to local schools, shopping centers, restaurants, and close to the 105, 605, and 5 freeways—making this a prime location for commuters and families alike. With strong rental income, long-term tenants, and potential for increased cash flow, 7370 Neo Street is ideal for investors seeking solid returns in a low-vacancy, high-demand rental market. Whether you’re expanding your portfolio or making your first multifamily acquisition, this property delivers. Don’t miss your chance to own a rare multifamily opportunity in one of Southeast LA County’s most stable and sought-after submarkets!

Listing Status:
Active
Date Added:
July 29, 2025 at 05:00AM
Listing Office:
American Realty Associates : 949-275-2701
Listing Agent:
Magdy Mikhail : 949-275-2701
MLS ID:
OC25168654
  • Appliances: Built-In RangeElectric OvenElectric RangeDisposal
  • Laundry: Common Area
  • A/C: Wall/Window Unit(s)
  • Heating: Forced Air
  • Fireplace: None
  • Pool: Community
  • Parking: AssignedCarportParking spaces: 14
  • General: 2
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS
  • County: Los Angeles
  • Zoning: DOR3*6231006002
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS

This listing courtesy of Magdy Mikhail, American Realty Associates

Location

Schools Nearby

W

Williams Elementary

7530 Arnett St, Downey, CA, 90241

Grades KG-3

0.18 miles away

S

Stauffer Middle School

11985 Old River School Rd, Downey, CA, 90242

Grades 6-8

0.54 miles away

W

Warren High School

8141 De Palma St, Downey, CA, 90241

Grades 9-12

0.90 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.