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7306 7312 Neo Street — photo 1
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Units

16

Building Size

10,524 sf

Lot Size

13,094 sf

Status

Active

Listing Agent: Doug Rodermund, Morgan Skenderian

Downey

7306 7312 Neo Street

About This Property

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.

Unit Mix

  • 1 unit · 1bd / 1ba
  • 1 unit · 2bd / 1ba
  • 1 unit · 3bd / 1ba

Neighborhood

This property is located in Downey. Want to learn more about the area?

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Asking Price

$5,125,000

Est. Monthly Payment

$32,748/mo

20% down · 6.5% rate · 30yr

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Listing Agent

Doug Rodermund

Morgan Skenderian