Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
22 Beds
16 Baths
10,524 sqft

$5,125,000

7306 Neo ST, DOWNEY CA, 90241

Price per sqft$486.98
Built in1957
Property size10,524 sqft
Property typeMulti-family

Overview

Active

Listed Mar 26, 2026

Updated 8 days ago

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.

$34,097/mo

Est. mortgage payment based on a $5,125,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26065659MR

Interior Features

Bedrooms
22
Bathrooms
16
Basement
No

Exterior Features

Lot Size
0.3 Acres

Other Property Details

Taxes
$61,135
Tax Frequency
Annually
Maintenance Expense
$12,000
Garage
Yes

Listed by Doug Rodermund with Morgan Skenderian
Listing Contact: 949-251-8800 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Coastline 840 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/28/2026

.     

Powered by Luxury Presence