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!
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!
Property Details
Price:
$5,249,000
MLS #:
OC25168654
Status:
Active
Baths:
0
Address:
7370 Neo Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
d2northwestdowneynoffirestonewofdowney
City:
Downey
Listed Date:
Jul 22, 2025
State:
CA
ZIP:
90241
Lot Size:
13,230 sqft / 0.30 acres (approx)
Year Built:
1957
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Schools
Interior
Appliances
Built- In Range, Electric Oven, Electric Range, Disposal
Cooling
Wall/ Window Unit(s)
Heating
Forced Air
Laundry Features
Common Area
Exterior
Community Features
Suburban
Parking Features
Assigned, Carport
Parking Spots
14.00
Financial
Map
Community
- Address7370 Neo Street Downey CA
- AreaD2 – Northwest Downey, N of Firestone, W of Downey
- CityDowney
- CountyLos Angeles
- Zip Code90241
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7370 Neo Street
Downey, CA
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