For sale

Listed by: Morgan Skenderian

$5,125,000

7306-7312 Neo St, Downey, CA 90241

22beds

16baths

10,524sqft

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Multi Family

Built in 1957

-- sqft lot

$1,105,000 Zestimate^®

$487/sqft

$-- HOA

What's special

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.

68 days

142

6

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Facts & 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: 68 days
Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange

Estimated market value

$1,105,000

$995,000 - $1.24M

$3,386/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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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