Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
10,524 sqft

$5,125,000

7306 7312 Neo Street, Downey CA, 90241

Price per sqft$486.98
Built in1957
Property size10,524 sqft
Property typeCondominium
Listed by Doug Rodermund CA DRE# 01314304 with Morgan Skenderian [email protected]

Overview

Active

Listed Mar 26, 2026

Updated Aug 25

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.

$34,097/mo

Est. mortgage payment based on a $5,125,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26065659

Interior Features

Basement
No

Exterior Features

Lot Size
0.3 Acres

Other Property Details

Taxes
$61,135
Tax Frequency
Annually
Maintenance Expense
$12,000
Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Doug Rodermund CA DRE# 01314304 with Morgan Skenderian [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/25/2026 at 1:25 AM UTC Last Checked: 1:25 AM UTC

 

 

Powered by Luxury Presence