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.
AGENT: Doug Rodermund LISTING BROKERAGE: Morgan Skenderian
Courtesy of Morgan Skenderian. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 7312 Neo ST
Downey, CA
Property Details
Price:
$5,125,000
MLS #:
PW26065659
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
699notdefined
Listed Date:
May 7, 2026
Total Sq Ft:
10,524
Lot Size:
13,094 sqft / 0.30 acres (approx)
Year Built:
1957
699 – Not Defined699notdefined
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Schools
Interior
Laundry Features
AR
Levels
U
Exterior
Common Walls
_2CW
Community Features
CRB
Garage Spaces
16
Parking Spots
24
Parking Total
24
Financial
Gross Operating Income
$374,808
Maintenance Fee
$12,000
Net Operating Income
$264,281
Taxes
$61,135
Map
Community
- Address7312 Neo ST Downey CA
- CityDowney
- CountyLos Angeles
- Zip Code90241
