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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Downey / 7306 Neo Street
7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 7306 Neo Street Downey, CA 90241 View All Photos

$5,125,000

| Active

7306 Neo Street

Downey, CA 90241

0.30
Acres
143
Days on Market
PW26065659
MLS#
Multi-Family
Type
House
Structure
Residential
Zone
Contact
Listing OfficeMorgan Skenderian

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 Details
Lot Features
Rectangular Lot
Stories
2
Lot Description
Rectangular Lot
Acres
0.301
Lot Size (sqft)
13094.0
Parking Features
Assigned
Parking
1
Parking Spaces
16
Parking Type
Garage
Parking Garage Spaces
16.0
Property Type
Multi-Family
Property Subtype Additional
Apartment
Year Built
1957
Sewer Information
Public Sewer
Utility Source
Public
Community Features
Curbs
County
Los Angeles
Region
Downey
Original List Price
$5,125,000
Days on Market (Cumulative)
143
Taxes Annual
$61,135
MLS #
PW26065659
Property Subtype
Apartment
Parcel Number
6231006008
MLS #
PW26065659
Date Listed
March 26, 2026
Address
7306 Neo Street
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Doug Rodermund (#PRODEDOU)
Listing Office: Morgan Skenderian (#PB8846)

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