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Listed by Doug Rodermund, DRE #01314304 • Morgan Skenderian
$ 5,125,000
Est. payment /mo
Active
7306 7312 Neo ST Downey, CA 90241
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26065659
Year Built 1957
Lot Size 0.301 Acres
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 24.0
Pool None
Building
Water District - Public
Others
Tax ID 6231006008
Special Listing Condition Not Applicable
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