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7306 7312 Neo Street

Downey, CA 90241
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Bed 0

Bed

Bath 0

Bath

SqFt10,524

Sqft

SqFt13,094

Sqft(Lot)

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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,125,000

AD Id : 76502333

MLS Id : PW26065659

Lot Size : 13,094 Sq. Ft

Living Area Size : 10,524 Sq. Ft

Tax Amount : $61,135

Year Built : 1957

Garage : 16

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1957
    Building Area Total: 10524
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 13094 Lot Size Acres: 0.3006 Lot Size Source: Assessor Lot Size Square Feet: 13,094 Lot Description: Rectangular Lot

  • Listing Price Information

    Listing Price: $5125000
    Cash, Cash to New Loan, Conventional, 1031 Exchange

  • Tax Information

    Parcel Number: 6231006008 Tax Lot: 16 Annual Tax: $61135

  • Parking Information

    Parking Total: 24 Assigned

    Garage Information

    Has Garage: Yes Garage Space: 16

  • Location Information

    Direction: South of Firestone Boulevard and West of Old School River Road WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
10930 Crossdale Avenue, Downey, CA, 90241 $850,000 2 2 1,210 5,356 Sq. Ft
11010 Studebaker Road, Downey, CA, 90241 $899,000 3 3 1,482 5,032 Sq. Ft
10236 Mattock Avenue, Downey, CA, 90241 $1,200,000 4 2 1,764 7,572 Sq. Ft
10508 Lesterford, Downey, CA, 90241 $800,000 3 1 1,052 7,652 Sq. Ft
10244 Woodruff Avenue, Downey, CA, 90241 $1,099,900 3 3 2,219 8,004 Sq. Ft
10513 Pangborn Avenue, Downey, CA, 90241 $2,199,800 8 6 5,491 7,500 Sq. Ft
9319 Cecilia, Downey, CA, 90241 $839,900 3 2 1,516 7,512 Sq. Ft
10439 Haledon, Downey, CA, 90241 $1,100,000 4 3 2,205 7,582 Sq. Ft
10634 Clancey, Downey, CA, 90241 $995,000 2 1 1,613 6,110 Sq. Ft
10613 Shellyfield, Downey, CA, 90241 $1,100,000 3 2 1,472 5,945 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/15/2026 @ 11:59

MLS: PW26065659 LISTED BY: Doug Rodermund, Morgan Skenderian 949-251-8800 SOURCE: CRMLS

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