Stacey Alysson Melman

7312 Neo ST Downey CA 90241 MLS #PW26065659

7312 Neo ST
Downey, CA, 90241
$5,125,000
Beds
0 Baths
0 SqFt
0.3 Acres
Add
MLS #PW26065659 image #0
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
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

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