7306 Neo St

Downey, CA 90241
  • $5,125,000

    Price
  • 6

    Bed
  • 3

    Bath
  • 10,524

    SqFt

About the Listing PB8846 - PRODEDOU

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.

Listing Highlights

Status Active
Days on Site 157
Property Type Multi-Family
MLS ® PW26065659
Year Built 1957
Total Square Footage 10,524
Lot/Acreage 0.3

Interior Details

  • Bedrooms: 6
  • Bathrooms: 3 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: Rectangular Lot,No Land Lease
  • Garage Capacity: 16 car
  • Parking Spaces: 24
  • Roof:
  • Others: 2+ Total Units
  • Sewer: Public Sewer
  • Parking Features: Assigned

Financial Details

  • Tax Amount: $61,135
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 6231006008
  • Tax Year: N/A

Payment Calculator

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Questions About..

7306 Neo St Downey, CA 90241

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Originating MLS: CRMLS

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Yury Medrano

Realtor | Los Angeles, CA & Boise, ID | Silvercreek Realty Group | Sky Homes & Estates

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