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Listed by Magdy Mikhail • American Realty Associates
$ 5,249,000
Est. payment /mo
New
7370 Neo ST Downey, CA 90241
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25168654
Year Built 1957
Lot Size 0.304 Acres
Source California Regional MLS
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 So
Location
State CA
County Los Angeles
Area D2 - Northwest Downey, N Of Firestone, W Of Downey
Rooms
Kitchen Garbage Disposal, Oven Range - Electric, Oven Range - Built-In, Oven - Electric
Interior
Heating Forced Air
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces, Carport
Garage Spaces 14.0
Pool Community Facility
Building
Water District - Public
Others
Tax ID 6231006002
Special Listing Condition Not Applicable
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