Photos coming soon
$5,125,000
7306 Neo Street, Downey, CA 90241
6Beds
3Baths
4800Built
1Days Listed
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.
Property Location
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 6
- Bathrooms
- 3
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 4800
- Status
- Active
- Days on Market
- 1
- Cumulative Days on Market
- 1
- Original Price
- $5,125,000
Location & Neighborhood
What's nearby 7306 Neo Street, Downey, CA 90241
Nearby Schools
- Spencer V. Williams Elementary School0.3 mi
elementary
- Montessori Academy of Downey0.4 mi
elementary
Parks & Recreation
- Temple Park0.5 mi
park
Transit Access
- Firestone / Ryerson0.2 mi
Bus Stop
- Old River School & Arnett0.2 mi
Bus Stop
- Firestone / Old River School0.3 mi
Bus Stop
- Stewart -Gray & Old River School0.4 mi
Bus Stop
- Old River School & Pellet0.4 mi
Bus Stop
Local Amenities
Grocery
- Albertsons0.5 mi
Dining
- Nguyen's Kitchen0.6 mi
POI data updated 3/26/2026
Downey Market Snapshot
69
Active Listings
$875K
Median Price
81
Avg Days on Market
Last updated: Mar 26, 2026
Listed by
Doug Rodermund, Morgan Skenderian · 949-251-8800
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$5,125,000