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Listed by: Doug Rodermund (949) 251-8800 DRE #01314304 | Morgan Skenderian (949) 251-8800
$5,125,000
Monthly Est:$25,509
6 Beds
3 Baths
10,524sqft
7306 7312 Neo St, Downey, CA 90241
$5,125,000
$25,509/moEst:
Get Pre-Approved
Apartment
Built in 1957
$-- HOA
13,094 sqft lot
$487/sq.ft
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.
- Houzeo last checked: 14 minutes ago
- Listing updated: June 23, 2026 at 10:48 pm
- Source: California Regional MLS-CA | MLS#: PW26065659
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1957
HOA Fees
-
Finished Area
10,524 sqft
Lot Size
13,094 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26065659
MLS Status
Active
Days on Market
154
Cumulative Days on Market
61
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 3
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Parking Features
Assigned
Laundry Features
Common Area
Pool Features
None
Other Features
Community Features
Curbs
Lot Features
Rectangular Lot
Price History
| Date | Event | Price |
|---|---|---|
05/07/2026 Source: | Listed for Sale | $5,125,000 $487/sqft |
03/26/2026 Source: | Off Market | $5,125,000 $487/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 11:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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