7306 7312 Neo Street, Downey, CA — listing photo 1
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FOR SALE

7306 7312 Neo Street

Downey, CA 90241
13,094 Lot Sq Ft
Built 1957
$5,125,000

Property Overview

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.

Home Details

Property type
Residential Income - Apartment
Year built
1957
Lot size
13,094 sq ft
Parking
24 spaces
Garage
16 spaces
Stories
2
Days on market
61
MLS status
Active

Features & Amenities

Parking

  • Assigned

Pool

  • None

Lot

  • Rectangular Lot

Community, Schools & Utilities

Community

Annual property tax
$61,135

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

7306 7312 Neo Street

Downey, CA 90241

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Frequently Asked Questions About 7306 7312 Neo Street

Property type: Residential Income

The current asking price is $5,125,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 7306 7312 Neo Street. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1957. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Downey, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Downey property.
The MLS currently reports the property as Active. It has been listed for 61 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Doug Rodermund
MLS ID: PRODEDOU

Available property

$5,125,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.