7312 Neo ST Downey CA 90241 MLS #PW26065659

7312 Neo ST
Downey, CA, 90241
$5,125,000
Beds
0 Baths
0 SqFt
0.3 Acres
$5,125,000
7312 Neo ST
Downey, CA, 90241
MLS #PW26065659 image #0
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.

Property Details

Price:
$5,125,000
MLS #:
PW26065659
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
699notdefined
Listed Date:
Mar 26, 2026
Total Sq Ft:
10,524
Lot Size:
13,094 sqft / 0.30 acres (approx)
Year Built:
1957
699 – Not Defined699notdefined

Schools

Interior

Laundry Features
AR
Levels
U

Exterior

Common Walls
_2CW
Community Features
CRB
Garage Spaces
16
Parking Spots
24
Parking Total
24

Financial

Gross Operating Income
$374,808
Maintenance Fee
$12,000
Net Operating Income
$264,281
Taxes
$61,135
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Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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Map

Current real estate data for Single Family in Downey as of Apr 08, 2026
104
Single Family Listed
67
Avg DOM
448
Avg $ / SqFt
$1,101,144
Avg List Price

Community

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Property Summary

    7312 Neo ST Downey CA is a Single Family for sale in Downey, CA, 90241. It is listed for $5,125,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1957. The average price per square foot for Single Family listings in Downey is $448. The average listing price for Single Family in Downey is $1,101,144. To schedule a showing of MLS#pw26065659 at 7312 Neo ST in Downey, CA, contact your James Outland agent at 8057482262.
7312 Neo ST
Downey, CA
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