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Millman Team Real Estate

$5,125,000
0.30 Acre Lot

7312 Neo Street, Downey, California 90241

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1957 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
PW26065659
$5,125,000
1957
0.30 Acre
Active
1
Apartment
Features
: None
: Assigned
: Common Area
: Public Sewer
$0
Address Map
CA
Los Angeles
Downey
90241
Neo
7306 7312
Street
W119° 50' 48.8''
N33° 56' 45''
South of Firestone Boulevard and West of Old School River Road
699 - Not Defined
Additional Information
$0
$0
$0
$0
$0
10524
: Curbs
1
16.0
: Two
: Rectangular Lot
16
2026-03-26
2
2
: Public
Broker/Agent Information
Morgan Skenderian
Doug Rodermund
Financial
61135.0
Listing Information
PRODEDOU
PB8846
Cash, Cash to New Loan, Conventional, 1031 Exchange
Active
2026-06-23T22:48:38Z
CRMLS
: Standard
2026-05-07T15:23:43Z
Agent info
Ray Millman
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