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$5,125,000

FOR SALE
Active

7306 7312 Neo Street

Downey, CA

MLS# PW26065659

Apartment
184 days on marketNalren refreshed

Listing Agent

Doug Rodermund

Listing Agent

Morgan Skenderian

DRE #: 01314304

dsr@morganskenderian.com

Brokerage: Morgan Skenderian

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1957

Year Built

0.3 acres

Lot Size

N/A

Price/Sq Ft

16

Garage Spaces

N/A

HOA

Apartment

Property Type

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.

Facts & Features

Interior

Laundry Features
Community Laundry

Exterior

Private Pool
No
Lot Features
Rectangular Lot

Building

Year Built
1957
Building Area Total
10,524
Levels
Two
Stories Total
2

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
16
Parking Features
Assigned
Parking Total
24

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CRMLS

MLS# PW26065659

Listed:

Nalren refreshed:

Last updated

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Listed by: Morgan Skenderian

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.