7312 Neo Street, Downey, CA 90241

Downey
Local realty services provided by:ERA North Orange County Real Estate
7312 Neo Street,Downey, CA 90241
$5,125,000
  • - Beds
  • - Baths
  • 10,524 sq. ft.
  • Multi-family
  • Active
Listed by: doug rodermund
Office: morgan skenderian949-251-8800
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:51 day(s) ago
  • Updated:May 17, 2026 at 10:48 AM

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

Parking

  • Total parking spaces:24
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:16
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