Franz Rodriguez - Desert Lifestyle Properties Logo
$5,125,000
 $27,512 est/mo Sourced by Back At You

7306 7312 Neo Street,Downey, CA 90241

Downey, CA 90241

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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.

Details

MLS #PW26065659
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1957
Days On Site155
Listing Provided ByMorgan Skenderian | Doug Rodermund

Features

SQ Feet10,524
Garage16
Story(s)2
Units16
Building(s)2
Acreage0.30

Exterior

Lot FeaturesRectangular Lot

Parking

Parking FeaturesAssigned
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs

Taxes

Property61135

Area Information

StateCA
CountyLos Angeles
CityDowney
Zip Code90241
Area699 Not Defined
Listing VS Median (in 90241)
Price:
$5,125,000
low | high
Med:
$889,000
100% of Average
sqft:
10,524
low | high
Med:
1,726
100% of Average
$ / sqft:
$487
low | high
Med:
$515
44.233547183676% of Average
On site:
155
low | high
Med:
1402
11.055634807418% of Average
Sourced by Back At You

Market Activity 90241

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Contact

Learn More About This Property

Franz Rodriguez

Franz Rodriguez

Desert Lifestyle Properties

02002804 (951) 206-8296franzpsrealtor@gmail.com
StateCA
CountyLos Angeles
CityDowney
Zip Code90241
Area699 Not Defined
Listing VS Median (in 90241)
Price:
$5,125,000
low | high
Med:
$889,000
100% of Average
sqft:
10,524
low | high
Med:
1,726
100% of Average
$ / sqft:
$487
low | high
Med:
$515
44.233547183676% of Average
On site:
155
low | high
Med:
1402
11.055634807418% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $3.843M - $6.46M
sqft: 7,500 - 13,000
Nearby Listings Property ImageNearby Listings Details
11517 Old River School Rd Property Photo 1
$3,550,000
11517 Old River School Rd
Downey, CA 90241
11523 Old River School Road Property Photo 1
$3,550,000
11523 Old River School Road
Downey, CA 90241
Listing Updated: August 21, 2026 at 11:04:33 PM PDT