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For SaleLuxury

$5,125,000

13,094 sqft$391/sqft225 days on market

7306 7312 Neo Street

Downey, CA 90241

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

13,094

Square feet

1957

Built

Listing narrative

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.

Listing agent (MLS): Doug Rodermund · Listing brokerage (MLS): Morgan Skenderian

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$5,125,000

Beds

Beds n/a

Type

Condo

Home Size

13,094 sqft

Baths

Baths n/a

Lot Size

0.30 acres

Year

1957

Status

For Sale

Days on Market

225

$ / Sqft

$391

· 8% down, 7% APR, 30yr fixed
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Courtesy of Morgan Skenderian