7306 7312 Neo ST, Downey, CA 90241
- $5,125,000
Listed by Doug Rodermund, from Morgan Skenderian
(If provided) CoList: from
- List Price
- $5,125,000
- MLS#
- CRPW26065659
- Status
- ACTIVE
- Lot Size
- 13,094
- Listing Area
- 699 - Not Defined
- Year Built
- 1957
Property 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.
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Additional Information
- Garage Parking
- Assigned Spaces
- Laundry Facilities
- Laundry Area
- Lot Size
- 13,094
- Neighborhood
- 699 - Not Defined
- Pool Description
- None
- Unincorporated Yn
- Yes
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