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$5,125,000
2 Days On Site

7306 Neo Street
Downey, CA 90241

For Sale|Apartment|Active
0
Beds
0
Total Baths
10,524
SqFt
$487
/SqFt
1957
Built
County:
Los Angeles
Listed by Doug Rodermund of Morgan Skenderian dsr@morganskenderian.com

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562-249-1347
7306 Neo Street7306 Neo Street7306 Neo Street7306 Neo Street
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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.

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Listing Snapshot
Price 
$5,125,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,524 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3006 Acres
Year Built 
1957
MLS® Number 
PW26065659
Status 
Active
Property Tax 
$61,135
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing first seen on site
3 days agoListing updated with changes from the MLS®
General Features
Acres 
0.3006
Garage 
Yes
Garage Spaces 
16
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking 
Assigned
Parking Spaces 
24
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
10524
Water Source 
Public
Interior Features
Laundry Features 
Common Area
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Exterior Features
Lot Features 
Rectangular Lot
Pool Features 
None
Community Features
Building Access 
1
Community Features 
Curbs
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
699 - Not Defined


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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