---
listing_id: CRPW26065659
status: Active
price: 5125000
beds: 0
baths_full: 0
baths_half: 0
sqft_living: 
sqft_lot: 13094
lot_acres: 
year_built: 1957
property_type: Residential Income
property_subtype: Residential Income
address: "7306 7312 Neo St"
city: Downey
state: CA
zip: 90241
county: "Los Angeles County"
lat: 33.9459795
lng: -118.1530784
days_on_market: 48
hoa_fee: 
hoa_frequency: 
garage_spaces: 16
list_agent: "Doug Rodermund"
list_office: "Morgan Skenderian"
list_agent_phone: "–"
list_agent_license: 01314304
mls_source: CRMLS
modified: 2026-05-07
transaction_type: buy
---

Home | Los Angeles County | Downey | 90241 | 7306 7312 Neo St

7306 7312 Neo St, Downey, CA 90241

MLS: CRPW26065659 | Status: | Price: $5,125,000
Beds/Baths: – / –
Property Type: Residential Income

Quick Facts

Beds Baths Sq Ft Sq Ft Lot Yr Built
13,094 1957

Remarks

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.

MLS Listing Information

Field Value
MLS # CRPW26065659
MLS Source California Regional MLS
Days on Site 48

Features

Parking, School, and Other Information

Feature Details
Garage/Parking Assigned Spaces, Garage: 16 Car(s)

Contact Information

Doug Rodermund
Morgan Skenderian
License #: 01314304
Phone: –

Property Units

# Buildings # Leased Units # Total Units
2

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School Type Grades Distance Rating
Williams Elementary School public K-3 0.30 mi 9
Stauffer Middle School public 6-8 0.52 mi 6
Old River Elementary School public 4,5 0.60 mi 6
Rio Hondo Elementary School public K-5 0.90 mi 8
Warren High School public 9-12 1.01 mi 7
Bell Gardens Elementary School public K-5 1.24 mi 3
Garfield Elementary School public K-5 1.24 mi 4
Bell Gardens Intermediate School public 6-8 1.44 mi 6
Downey High School public 9-12 1.50 mi 6
Park Avenue Elementary School public K-6 1.50 mi 4
International Studies Learning Center At Legacy High School Complex public 6-12 1.53 mi 6
Science, Technology, Engineering, Arts And Mathematics At Legacy High School Complex public 9-12 1.53 mi 7
Visual And Performing Arts At Legacy High School Complex public 9-12 1.53 mi 4
Suva Elementary School public K-5 1.54 mi 2
Imperial Elementary School public K-3 1.56 mi 7
Suva Intermediate School public 6-8 1.61 mi 4
Griffiths Middle School public 6-8 1.64 mi 8
Tweedy Elementary School public K-5 1.69 mi 7
Price Elementary School public K-5 1.71 mi 7
Alameda Elementary School public K-5 1.75 mi 6

Disclosures

©2026 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.

Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of May 07, 2026. For the most current information, please contact Doug Rodermund.