7306 Neo Street, Downey, CA 90241

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List Price
$5,125,000
Status
ACTIVE
MLS#
PW-26065659
Year Built
1957
Living Sq. Ft
10,524
Lot Size
13,094
Days on Market
182
Property Type
Multifamily
Stories
2

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.

Additional Information

Land Lease Type
Fee
Garage Spaces Total
16

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Listing courtesy of Morgan Skenderian.