7306 Neo Street, Downey, CA 90241

Downey
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
7306 Neo Street,Downey, CA 90241
$5,125,000
  • - Beds
  • - Baths
  • 10,524 sq. ft.
  • Multi-family
  • Active
Listed by: doug rodermund
Office: morgan skenderian
MLS#:PW26065659
Source:CRMLS

Price summary

  • Price:$5,125,000
  • Price per sq. ft.:$486.98

About this home

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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Home facts

  • Year built:1957
  • Listing ID #:PW26065659
  • Added:1 day(s) ago
  • Updated:March 28, 2026 at 01:23 PM

Rooms and interior

  • Living area:10,524 sq. ft.

Structure and exterior

  • Year built:1957
  • Building area:10,524 sq. ft.
  • Lot area:0.3 Acres
  • Lot Features:Rectangular Lot
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,125,000
  • Price per sq. ft.:$486.98
  • Tax amount:$61,135

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:24
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:16
Based on information from California Regional Multiple Listing Service, Inc. as of March 28, 2026 . 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. 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, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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