About 7306 7312 Neo Street
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.
Features of 7306 7312 Neo Street
| MLS® # | PW26065659 |
|---|---|
| Price | $5,125,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Acres | 0.30 |
| Year Built | 1957 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 7306 7312 Neo Street |
|---|---|
| Area | 699 - Not Defined |
| City | Downey |
| County | Los Angeles |
| Zip Code | 90241 |
Amenities
| Parking Spaces | 24 |
|---|---|
| Parking | Assigned |
| # of Garages | 16 |
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Rectangular Lot |
|---|
Additional Information
| Date Listed | March 26th, 2026 |
|---|---|
| Days on Market | 141 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Doug Rodermund |
|---|---|
| Office | Morgan Skenderian |