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
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
d2
Listed Date:
Jul 29, 2025
Total Sq Ft:
11,344
Lot Size:
13,230 sqft / 0.30 acres (approx)
Year Built:
1957
See this Listing
Schools
Interior
Appliances
GD, BIR, EO, ER
Cooling
WW
Heating
FA
Laundry Features
AR
Exterior
Community Features
SUB
Parking Spots
14
Financial
Maintenance Fee
$249
Map
Community
- AddressNeo ST Lot 4 Downey CA
- CityDowney
- CountyLos Angeles
- Zip Code90241
Market Summary
Current real estate data for Single Family in Downey as of Nov 01, 2025
73
Single Family Listed
45
Avg DOM
471
Avg $ / SqFt
$1,001,662
Avg List Price
Property Summary
- Neo ST Lot 4 Downey CA is a Single Family for sale in Downey, CA, 90241. It is listed for $5,249,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1957. The average price per square foot for Single Family listings in Downey is $471. The average listing price for Single Family in Downey is $1,001,662.
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