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$5,125,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
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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.

Full Property Details for 7306 7312 Neo St

General

  • Price: $5,125,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW26065659
  • Updated: 3/26/2026
  • Days on Market: 6 days
  • Added to Site: 6 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 16
  • Parking Features: Assigned
  • Parking: Assigned

Location

  • Area: 699 - Not Defined
  • County: Los Angeles
  • Development Name: 699 - Not Defined
  • Driving Directions: South of Firestone Boulevard and West of Old School River Road

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 17
  • # Electric Meters: 17

Structural Information

  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 10,524
  • Year Built: 1957

Unit Information

Unit 1

  • Number of Units: 12
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.3006
  • Lot Size (Sq. Ft.): 13,094
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $486.98
  • Price Per Unit: 320312

Listed by Morgan Skenderian, Doug Rodermund

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Listing agent

— 7306 7312 Neo St —

  • Doug Rodermund

    Morgan Skenderian

dsr@morganskenderian.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7306 7312 Neo St

School District:Downey Unified School District
NameGradesDistance
Williams Elementary School, Downey, CA
7530 Arnett Street, Downey, CA 90241
K-30.3 mi
Old River Elementary School, Downey, CA
11995 Old River School Road, Downey, CA 90242
4-50.6 mi
West Middle School
11985 Old River School Road, Downey, CA 90242
6-80.5 mi
Warren High School
8141 De Palma Street, Downey, CA 90241
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7306 7312 Neo St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/26/2026
Listed
$5,125,000
26.39%
MLS
12/17/2021
Sold
$4,055,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7306 7312 Neo St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$55,507
5%
$4,303,198
4%
2023
$52,643
5%
$4,139,340
2%
2022
$50,032
364%
$4,058,240
526%
2021
$10,774
1%
$647,938
1%
2020
$10,646
1%
$641,328
3%
2019
$10,531
4%
$625,578
2%
2018
$10,170
2%
$613,313
2%
2017
$9,964
3%
$601,288
2%
2016
$9,707
2%
$589,499
2%
2015
$9,563
4%
$580,645
2%
2014
$9,218
2%
$569,272
—
2013
$9,013
—
$566,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 7306 7312 Neo St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Morgan Skenderian, Doug Rodermund

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7306 7312 Neo Street, Downey, CA 90241 (MLS# PW26065659) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 7306 7312 Neo Street is currently listed for $5,125,000 and was received on March 26, 2026. Want to learn more about 7306 7312 Neo Street? Do you have questions about finding other Multi-Family real estate for sale in Downey? You can browse all Downey real estate or contact a Coldwell Banker agent to request more information.

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