7312 Neo St Downey, CA 90241
Estimated payment $32,723/month
About This Home
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.
Listing Agent
Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 03/26/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $61,135
Year Built
- Built in 1957
Lot Details
- 13,094 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 8 Open Parking Spaces
- 16 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 10,524 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 16372
- Assessor Parcel Number 6231006008
- $4,136 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,530
- Fuel Expense $2,530
- Gardener Expense $2,573
- Insurance Expense $4,135
- Maintenance Expense $12,000
- Other Expense $1,000
- Trash Expense $2,530
- Water Sewer Expense $2,530
- New Taxes Expense $65,270
- Operating Expense $110,526
- Gross Income $10,740
- Net Operating Income $264,281
Map
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/07/2026 05/07/26 | For Sale | $5,125,000 | 0.0% | $487 / Sq Ft |
| 04/09/2026 04/09/26 | Off Market | $5,125,000 | -- | -- |
| 03/26/2026 03/26/26 | For Sale | $5,125,000 | -- | $487 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26065659
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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