$5,125,000
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.
Facts & features
- Laundry
- Common Area
- Levels
- Two
- Lot size
- 0.301 acres (13,094 sq ft)
- Pool
- None
- Year built
- 1957
- Parking
- Assigned
- Parking spaces
- 24
- Area
- 699 - Not Defined
- County
- Los Angeles
- Community features
- Curbs
- Status
- Active
- Property type
- Apartment
- Days on market
- 61
- Listed
- 2026-03-26
- Terms
- Cash, Cash To New Loan, Conventional, Exchange 1031
- Parcel #
- 6231006008
- MLS #
- PW26065659
