$5,125,000
7306 7312 Neo Street, Downey CA 90241
Multi-Family (16 Units)
Property type
81 days
On market
$487
Price per sqft
16 cars
Garage
1957
Year built
13,094 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Doug Rodermund DRE #01314304, Morgan Skenderian
Listing updated: Jun 12, 2026 at 05:30pm.
Last checked: Jun 12, 2026 at 06:00pm
Source: CRMLS #PW26065659
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 12 | 1 | 1 | 1 | $1,832 | $21,987 | $1,945 | Unfurnished |
| 2 | 2 | 1 | 1 | $2,056 | $4,112 | $2,095 | Unfurnished |
| 2 | 3 | 1 | 1 | $2,603 | $5,206 | $2,745 | Unfurnished |
# of Buildings: 2
# of Units Total: 16
Separate Electric Meters: 17
Separate Gas Meters: 17
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
13.3x
List Price / Annual Gross Rent
Cap Rate
5.2%
NOI / List Price
Gross Scheduled Income: $386,400
Vacancy Allowance: $11,592
Operating Expense: $110,526
Net Operating Income: $264,281
Annual Operating Expenses
Electric: $2,530
Gardener: $2,573
Fuel: $2,530
Insurance: $4,135
Maintenance: $12,000
New Taxes: $65,270
Professional Management: $0
Trash: $2,530
Water / Sewer: $2,530
Workers Comp: $4,800
Other Expense: $1,000
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 16
Uncovered Spaces: 8
Parking Total: 24
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 6231006008
Additional Parcels: No
Tax Lot: 16
Community
Senior Community: No
Community Features: Curbs
Nearby Schools
Nearby schools around the 7306 7312 Neo Street, Downey, CA 90241. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,100,000
Total Interest
$5,229,324
Total Payment
$9,329,324
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$31,403
per month
Property History for 7306 7312 Neo Street
Downey Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90241.
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