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31589335
31589336

7306-7312 Neo Street, Downey, CA 90241

DR
Morgan Skenderian Investment Real Estate Group
Listed by Morgan Skenderian Investment Real Estate Group
$5,125,000
72 days on market
Updated 19 days ago

7306 Neo Street

Details
APN 6231006008
Property Type Multifamily
Sub Type Apartment Building
Units 16
Cap Rate 5.20%
Year Built 4800
Buildings 2
Acreage 0.301
Zoning Assessor

Multifamily | 5.20% CAP | 16 Units

Marketing 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.
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Listing Contacts

DR
Morgan Skenderian Investment Real Estate Group
Listed by Morgan Skenderian Investment Real Estate Group

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