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.
For sale
Listed by: Morgan Skenderian • Doug Rodermund • Contact: dsr@morganskenderian.com
$5,125,000
7306-7312 Neo St, Downey, CA 90241
22beds
16baths
10,524sqft
:
Get pre-qualified$34,066/mo
Multi Family
Built in 1957
-- sqft lot
$1,123,400 Zestimate®
$487/sqft
$-- HOA
What's special
- 113 days |
- 151 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
Source: CRMLS,MLS#: PW26065659
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 16
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 10,524
- Total interior livable area: 10,524 sqft
Property
Parking
- Total spaces: 24
- Parking features: Assigned
- Garage spaces: 16
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 0.3 Acres
- Features: Rectangular Lot
Details
- Parcel number: 6231006008
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
Location
- Region: Downey
Financial & listing details
- Price per square foot: $487/sqft
- Annual tax amount: $61,135
- Date on market: 3/26/2026
- Cumulative days on market: 113 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Estimated market value
$1,123,400
$1.01M - $1.25M
$3,692/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2026 | Listed for sale | $5,125,000$487/sqft |
Source:  CRMLS #PW26065659 Report a problem | ||
| 4/9/2026 | Listing removed | $5,125,000$487/sqft |
Source: CRMLS #PW26065659 Report a problem | ||
| 3/26/2026 | Listed for sale | $5,125,000$487/sqft |
Source: CRMLS #PW26065659 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 90241
Nearby schools
GreatSchools rating
- 9/10Williams Elementary SchoolGrades: K-3Distance: 0.3 mi
- 6/10Stauffer Middle SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Warren High SchoolGrades: 9-12Distance: 1 mi
- $--2 bd1 ba-- sqft7306 Neo St #373, Downey, CA 90241Off Market
- $--3 bd1 ba-- sqft7306 Neo St #374, Downey, CA 90241Off Market
- $--1 bd1 ba-- sqft7306 Neo St #372, Downey, CA 90241Off Market
- $--1 bd1 ba513 sqft7306 Neo St #3, Downey, CA 90241Off Market
- $--1 bd1 ba-- sqft7306 Neo St #13, Downey, CA 90241Off Market
- $--1 bd1 ba513 sqft7306 Neo St #11, Downey, CA 90241Off Market
- $--1 bd1 ba-- sqft7306 Neo St APT 7, Downey, CA 90241Off Market
- $--1 bd1 ba-- sqft7306 Neo St APT 1, Downey, CA 90241Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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