7306 7312 Neo Street
Downey, CA 90241
0
Bed
0
Bath
10,524Sqft
13,094Sqft(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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1957 Building Area Total: 10,524 -
Pool Features
NoneLaundry Features
Common Area
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3006 -
Lot Size Source: Assessor Lot Size Square Feet: 13094
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Listing Price Information
Original List Price: 5,125,000 Listing Contract Date: 2026-03-26 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 6231006008 Annual Tax: 61135
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Garage and Parking
Garage Description: AssignedHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: South of Firestone Boulevard and West of Old School River Road Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Apartment -
Building and Construction
Property Age: 69 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 10244 Woodruff, Downey, CA, 90241 | $1,199,000 | 3 | 3 | 2,219 | 2,219 SqFt |
| 9457 Gotham, Downey, CA, 90241 | $1,799,000 | 4 | 3 | 2,510 | 2,510 SqFt |
| 10513 Pangborn Avenue, Downey, CA, 90241 | $2,605,000 | 8 | 5 | 5,491 | 5,491 SqFt |
| 9546 Cecilia, Downey, CA, 90241 | $1,029,999 | 4 | 2 | 1,571 | 1,571 SqFt |
| 10919 Newville Avenue, Downey, CA, 90241 | $829,900 | 2 | 1 | 1,031 | 1,031 SqFt |
| 10340 Clancey Avenue, Downey, CA, 90241 | $1,358,888 | 3 | 2 | 1,911 | 1,911 SqFt |
| 11003 Pangborn, Downey, CA, 90241 | $925,000 | 3 | 2 | 1,474 | 1,474 SqFt |
| 8542 11th, Downey, CA, 90241 | $1,550,000 | 4 | 4 | 3,049 | 3,049 SqFt |
| 10516 10522 Arrington A.., Downey, CA, 90241 | $2,390,000 | -- | -- | 6,512 | 6,512 SqFt |
| 10613 Shellyfield, Downey, CA, 90241 | $1,100,000 | 3 | 2 | 1,472 | 1,472 SqFt |
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ByOwner last updated this listing 06/18/2026 @ 02:11
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