7370 Neo St - Multi-Family FOR SALE


Downey, CA 90241
$5,249,000 USD
949-275-2701
7370 Neo St, Downey, CA for Sale
$5,249,000 USD
Multi-Family - FOR SALE
1/16
null | 6.2% Cap Rate

7370 Neo St
Downey, CA 90241


HIGHLIGHTS

  • Beautiful Atrium style courtyard
  • Large Pool
  • Laundry room on site

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$5,249,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

14

PRICE/UNIT

$374,929

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7370 Neo Multi-Family

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

16

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3

APN/PARCEL ID

6231-006-002

ASK ABOUT THIS PROPERTY

Magdy MikhailZF RealtyMore Info
949-275-2701

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Magdy MikhailZF RealtyMore Info
949-275-2701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.