7306-7312 Neo St, Downey, CA 90241
Property image
Property image
FOR SALE
0.3 ACRES
Listed by Doug Rodermund, Morgan Skenderian

$5,125,000

  • 22 Beds
  • 16 Baths
  • 10,524 sqft (on 0.30 acres)

7306-7312 Neo St, Downey, CA 90241

Est. Mortgage $32,172/mo*
Get Pre-Qualified

Home Highlights

Multi-Family
Built in 1957
0.3 acre lot
$487/sqft
Garage

Local Information

  • Map ViewExplore the area around 7306-7312 Neo St.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.

Home Details for 7306-7312 Neo St

Interior Features

Beds & Baths
Number of Bedrooms: 22Number of Bathrooms: 16
Appliances & Utilities
Laundry: Common Area
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 16Number of Covered Spaces: 16Open Parking Spaces: 8Has a GarageNo Attached GarageParking Spaces: 24Parking: Assigned
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 61Days on Market: 146

Property Information

Year Built
Year Built: 1957
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 6231006008

Price & Status

Price
List Price: $5,125,000Price Per Sqft: $487
Status Change & Dates
Off Market Date: Thu Apr 09 2026

Active Status

MLS Status: Active

Location

Direction & Address
City: Downey

Agent Information

Listing Agent
Listing ID: PW26065659

Building

Building Area
Building Area: 10524 Square Feet

Community

Community Features: CurbsNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.30 acres

Listing Info

Special Conditions: Standard

Offer

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

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: PW26065659Living Area Range Units: Square FeetAttribution Contact: dsr@morganskenderian.comBack On Market Date: Thu May 07 2026Common Interest: Community ApartmentUniversal Property Id: US-06037-N-6231006008-R-N

Additional Information

CurbsSource Internet Entire Listing Display

Around this home

What Locals Say about Downey

At least 1007 Trulia users voted on each feature.

  • 85 % Say it's dog friendly

  • 75 % Say it's walkable to restaurants

  • 74 % Say car is needed

  • 74 % Say yards are well-kept

  • 74 % Say there are sidewalks

  • 73 % Say there's holiday spirit

  • 70 % Say it's walkable to grocery stores

  • 63 % Say they plan to stay for at least 5 years

  • 63 % Say people would walk alone at night

  • 62 % Say it's quiet

  • 60 % Say parking is easy

  • 60 % Say streets are well-lit

  • 51 % Say kids play outside

  • 48 % Say neighbors are friendly

  • 32 % Say there's wildlife

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Small town feel. Everyone is proud to live in Downey."
    0
    Flag
  • Trulia User
    "It is safe for teens yo walk or ride bike. It’s aver nice neighborhood with lots of shops and restaurants."
    0
    Flag
  • Dom_val2000
    "Saturday farmers market on La Reina and every third Thursday there is a night market near downtown Downey. "
    0
    Flag
  • Amanda_marie31
    "People don’t pick up after their dogs. A lot of dogs running loose making it somewhat nerve wracking "
    0
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  • Gc4xhyjhj8
    "It is a fairly safe place to walk around. Everything Is well maintained & everyone usually picks up after their dogs around here."
    0
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  • Jaime Leiva
    "It’s a truly family neighborhood, safe and clean. People are friendly and courteous. The vibe is really good for walking at any time."
    0
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  • Trulia User
    "I see dog walkers at all hours of the day…every day. This is a great neighborhood for digs & dig owners. "
    0
    Flag
  • Herrerafrank00
    "More congested than 10 years ago. Loved here 35 years and traffic is getting worse. Freeways touch Downeys borders "
    0
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  • Rtl.90241
    "Commute is very easy access to freeways and everything is just within minutes away. Roads are well maintained."
    0
    Flag
  • Jenni SH
    "Very family oriented. People take walks in the evening. There’s a sense of community. There’s lots of shops, grocery stores, etc. it’s a very pleasant little hidden gem. One thing I wish, that all the little streets had sidewalks. "
    0
    Flag
  • Camposanam73
    "Love Downey everything is convenient local malls stores and work is about 15 min away. Been on Downey over 13 years"
    0
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  • Jenni SH
    "Downey is just a great city to call home. There’s lots of restaurants and shopping centers. There’s at least one farmers market on Lakewood and Firestone and many neighborhoods are great for trick or treating "
    0
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  • Armando Gutierrez
    "They like it the place it’s beautiful and clam so they don’t main it people are nice and respectful "
    0
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  • Mistermnn
    "Lots of dog poop on side walks and front yards because lots of dog owners don’t think they have to pick up after there dogs or there are some dog owners in the neighborhood that let their dogs run loose in the neighborhood and there dog poops on neighbors yards and they don’t pick it up. Other than that it’s good. "
    0
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  • Herrerafrank00
    "Downey has everything you need, good schools, good food, friendly police department, community programs, only downside would be the traffic getting through the city during rush out, residents usually take the back streets."
    6
    Flag
  • C B
    "Traffic in Downey is really bad. Can take 30 minutes to get from North Downey to South Downey. Lakewood and Telegraph are packed. But near freeways and that helps."
    0
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  • Teresa
    "Apartments state Dog friendly, but state restrictions on weight which makes it hard to find an apartment within a neighborhood you wish to live in. "
    3
    Flag
  • Monique M.
    "Downey is a dog friendly neighborhood. Some people post individual signs to keep dogs from pooping on their lawn but to each their own. "
    11
    Flag
  • Melodygregorio
    "Movie nights, concerts in the park, ride and stride day, lots and lots of classes for adults, seniors, youth, and children etc. "
    6
    Flag
  • Joc O
    "I grew up in Downey, and have lived here as an adult away from my childhood home but still enjoy living here. It’s close to Cerritos, Lakewood, Bellflower which I visit for different errands. I can drive 30-40 mins (depending on traffic, time of day,etc) to Huntington Beach or Santa Monica. "
    2
    Flag
  • Darlena C. J.
    "There’s a lot of families, and the city is overall pretty safe to be in. The transportation system is all throughout the city. Make the move!"
    0
    Flag
  • Jennylopwz1226
    "I drive to places. Everything is within a 5 minute drive. Close to freeways or sometimes walk to restaurants."
    2
    Flag
  • Yreynaga974
    "Downey is a clean and safe area to grow up and live in. People are generally nice, responsible, respectable and caring human beings."
    2
    Flag
  • Jennifer V.
    "I lived here for seven years now. It is a clean neighborhood with great schools. It is a safe and friendly town."
    3
    Flag
  • Elizabeth D.
    "I have lived in downey for 24 years and I have always felt safe and I love my city. The local officials are always doing their best to take care of our city, local police department keeps us safe! "
    0
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  • Anamaeespinoza
    "Good family ambiance and lots of good place to go. You can walk, bikes on the area too. Very friendly people "
    2
    Flag
  • Wendy A.
    "I love it here. Never had an issue, lots of restaurants and parks. Clean and people are nice for the most part "
    0
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  • Brojoehdz
    "New to the area so I’m not really familiar with what takes place around here. However, my neighbors have been friendly and welcoming to me and my family. I have zero complaints about my experience here. "
    4
    Flag
  • Susan
    "ok, but increasing freeway traffic can be very challenging at times. I live 16 miles from home, on average that is a 30 minute commute which can turn into 60 minutes in days with freeway incidents. "
    0
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  • Wendy A.
    "The schools are good and kids are often seen using their bikes up and down alone. Also there are a lot of parks and it’s just a very calm city with pretty quiet people that keep to themselves. They have programs for kids at parks and in the community to keep them busy and active. Does need like a Chuck E. Cheese type of establishment or a jumper place of some sort"
    2
    Flag
  • Wendy A.
    "Concerts in the park, food festivals, day of dead festival, good restaurants. Overall a safe place to ride bikes, parks"
    1
    Flag
  • Jenny M.
    "Safe city to raise your children in. I was born and raised and it is safe, lots of kids and great education "
    0
    Flag
  • Vanessa
    "There is lots to do! From miniature golfing to movies to bowling. The city has lots of history and feels safe. "
    0
    Flag
  • Mpmontiel0214
    "Clean, beautiful and peaceful place to live! Lovely and wonderful people. So traditional and quiet "
    0
    Flag
  • Ashley P.
    "Very close to my job and surrounding places I normally visit. I really enjoy living in Downey CA. "
    0
    Flag
  • Cristina Z.
    "Schools are good. Pretty safe to walk at night. I love it here. Been living here for 6 years now. I just wish it was less expensive "
    0
    Flag
  • Marcia V.
    "Nice area to raise kids in.Everything is close by schools shopping center mall markets eateries etc.."
    1
    Flag
  • Calleros1d
    "Many local churches with active goers. Farmers market every Saturday’s and people are constantly walking their pets or running themselves "
    0
    Flag
  • Jose S.
    "I love the area. it is close to down town La, but still far enough away to have some nature around me."
    0
    Flag
  • Esteban G.
    "Just keep an eye on your children, there have been many reports of kidnappings happening in the area. "
    3
    Flag

Market trends in Downey

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$928K
$20KMoM
Sale-to-List Price
99.9%
0.4%MoM
Price per sq ft
$576
$3MoM
Available listings
105
5MoM

Home Value

Trulia Estimate
$1.12M
Since last month
Increased$57K (+5%)
Since last year
Increased$151K (+14.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +14% in the last 10 years
MonthEstimated value
2026
September 2026$1.2M
August 2026$1.12M
July 2026$1.14M
June 2026$1.12M
May 2026$1.05M
April 2026$1.04M

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
12541 Old River School Rd, Downey, CA
1.20
Multi-Family Home
$3,170,000
10/10/25
24
24
11,988
10538 La Reina Ave, Downey, CA
1.33
Multi-Family Home
$3,945,000
05/27/26
18
17
7,551
8105 Orange St, Downey, CA
1.24
Multi-Family Home
$2,415,000
12/26/25
12
12
8,244
6000 Ludell St, Bell Gardens, CA
1.56
Multi-Family Home
$1,500,000
07/27/26
16
8
4,672
10515 Downey Ave, Downey, CA
1.38
Multi-Family Home
$1,950,000
02/25/26
9
8
7,207
10525 Downey Ave, Downey, CA
1.37
Multi-Family Home
$2,100,000
10/16/25
13
6
6,156
6818 Florence Pl, Bell Gardens, CA
1.46
Multi-Family Home
$1,950,000
03/04/26
12
10
4,053
6017 Buell St, Bell Gardens, CA
0.86
Multi-Family Home
$820,000
11/05/25
4
-
3,064

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7228 Adwen St, Downey, CA 90241
0.08
$846,700
2
1
750
Off Market
11520 Adco Ave, Downey, CA 90241
0.11
$1,313,300
8
4
3,249
Off Market
11603 Susan Ave, Downey, CA 90241
0.10
$790,400
3
2
1,400
Off Market
11608 Susan Ave, Downey, CA 90241
0.10
$890,400
3
2
1,400
Off Market
11614 Salford Ave, Downey, CA 90241
0.11
$915,900
3
2
1,528
Off Market
11619 Haro Ave, Downey, CA 90241
0.12
$950,000
3
2
1,186
Recently Sold
7369 Adwen St, Downey, CA 90241
0.15
$733,600
2
1
750
Off Market
7302 Benares St, Downey, CA 90241
0.16
$1,242,200
7
5
3,442
Off Market
11512 Old River School Rd, Downey, CA 90241
0.18
$848,400
3
2
1,126
Off Market
11523 Norlain Ave, Downey, CA 90241
0.19
$799,800
3
2
1,126
Off Market
7173 Benares St, Downey, CA 90241
0.18
$710,000
2
1
870
Recently Sold

Price and Tax history

DateEventPrice
May 7, 2026
Source: CRMLS #PW26065659
Listed For Sale
$5,125,000
Apr 9, 2026
Source: CRMLS #PW26065659
ListingRemoved
$5,125,000
Mar 26, 2026
Source: CRMLS #PW26065659
Listed For Sale
$5,125,000

LGBTQ Local Legal Protections

Doug Rodermund, Morgan Skenderian
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-15 13:11:35 PDT and /or other sources. 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

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Frequently asked questions about 7306-7312 Neo St

  • What is the estimated monthly payment for 7306-7312 Neo St?
    Based on a $5,125,000 list price with 20% down at today's rates, the estimated monthly payment for 7306-7312 Neo St in Downey, CA is approximately $32,848 (about $27,733 principal & interest, $5,040 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 7306-7312 Neo St compare to homes in Downey?
    7306-7312 Neo St in Downey, CA is listed at $5,125,000, about 452% above the $928K median sale price in Downey.
  • What do residents say about Downey?
    Residents describe Downey, CA as dog-friendly, walkable to restaurants, and well-kept. See homes for sale in Downey, CA.
  • What are the closest schools to 7306-7312 Neo St?
    The closest schools to 7306-7312 Neo St in Downey, CA are Old River Elementary School (rated 6/10), Stauffer Middle School (rated 6/10), Warren High School (rated 7/10).
  • Does 7306-7312 Neo St have laundry facilities?
    Yes, 7306-7312 Neo St in Downey, CA has laundry facilities.
7306-7312 Neo St, Downey, CA 90241 is a 22 bedroom, 16 bathroom, 10,524 sqft multi-family built in 1957. This property is currently available for sale and was listed by CRMLS on May 7, 2026. The MLS # for this home is MLS# PW26065659.