CA > Downey
Downey, CA 90241,7370 Neo Street
Downey, CA 90241,7370 Neo Street
Downey, CA 90241,7370 Neo Street
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Magdy Mikhail • American Realty Associates
$4,999,995
Est. payment /mo
11,344 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 11,344 sqft

Price per Sqft $440

MLS Listing ID OC-25168654

Year Built 1957

Lot Size 0.304 Acres

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

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 - Nw Downey, N Firestone, W Downey

Zoning DOR3*

Interior

Heating Forced Air

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Assigned, Carport

Pool Community

Community Features Suburban

Building

Lot Description 11-15 Units/Acre

Sewer Public Sewer

Others

Virtual Tour https://realestate.merakiestatemedia.com/sites/gevvqvo/unbranded

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Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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