7306 7312 Neo ST, Downey, CA 90241
7306 7312 Neo ST, Downey, CA 90241
7306 7312 Neo ST, Downey, CA 90241
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$5,125,000
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0.3 Acres Lot
Active

7306 7312 Neo ST Downey, CA 90241

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26065659

HOA Y/N No

Year Built 1957

Annual Tax Amount $61,135

Lot Size 0.301 Acres

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Curbs

Total Parking Spaces 24

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6231006008

Energy Description 2530.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Doug Rodermund Morgan Skenderian dsr@morganskenderian.com, DRE #01314304

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7306 7312 Neo ST

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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