CA > Downey
Downey, CA 90241,7370 Neo ST
Downey, CA 90241,7370 Neo ST
Downey, CA 90241,7370 Neo ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,249,000
Est. payment /mo
0.3 Acres Lot
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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25168654

HOA Y/N No

Year Built 1957

Lot Size 0.304 Acres

Property Sub-Type Apartment

Property Description

Prime Investment Opportunity in the Heart of Downey

Welcome to 7370 Neo Street, a well-maintained multifamily gem located in one of Downey's most desirable residential neighborhoods. This income-producing property features 14 spacious units, each offering comfortable layouts, private entrances, and dedicated parking. Nestled on a 13,068 sf lot, the property provides a rare combination of location, stability, and upside potential.

10 units are 2-bed, 1.5-bath and 4 units are 3-bed, 1.5 bath, and several have been recently updated with modern finishes, upgraded kitchens, newer flooring, and refreshed bathrooms (see interior pics). On-site amenities include [laundry facilities, carports, private yards, 14 parking spaces. Tenants enjoy walking distance to local schools, shopping centers, restaurants, and close to the 105, 605, and 5 freeways—making this a prime location for commuters and families alike.

With strong rental income, long-term tenants, and potential for increased cash flow, 7370 Neo Street is ideal for investors seeking solid returns in a low-vacancy, high-demand rental market. Whether you're expanding your portfolio or making your first multifamily acquisition, this property delivers.

Don't miss your chance to own a rare multifamily opportunity in one of Southeast LA County's most stable and sought-after submarkets!

Location

State CA

County Los Angeles

Area D2 - Northwest Downey, N Of Firestone, W Of Downey

Zoning DOR3*

Interior

Heating Forced Air

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Built-In Range, Electric Oven, Electric Range, Disposal

Laundry Common Area

Exterior

Parking Features Assigned, Carport

Carport Spaces 4

Pool Community

Community Features Suburban, Pool

Total Parking Spaces 14

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6231006002

Energy Description 25.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Magdy Mikhail American Realty Associates 949-275-2701

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