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7370 Neo Street Downey, CA $ 5,249,000
7370 Neo Street
$ 5,249,000
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7370 Neo Street

Downey, CA, 90241
$ 5,249,000
Baths1.1 Sq 11,344

Monthly Estimate*

$ 32,747

Listed by American Realty Associates
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Studio

Multi-Family Home for sale in Downey, CA

for $5,249,000 with 1 full bath, 1 half bath. This 11,344 square foot home was built in 1957 on a lot size of 0.3037.

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!

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Multi-Family Active

Price

$ 5,249,000

Bedrooms

Studio

Full Bath

1

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.3037

Year Built

1957

Town/City

Downey

County/Region

Los Angeles

MLS | Web ID

OC25168654

Days on Market

154

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Appliances Built-In Range Electric Oven Electric Range Disposal
Zoning DOR3*
HOA Fee 0
Garage Spaces 0
Pool Features Community
Year Built 1957
Tenant Pays Parking Fee
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 353822
Community Features Suburban Pool
County Los Angeles
Net Operating Income 285165
Operating Expense 68656
Insurance Expense 3500
New Construction 0
Property Type Residential Income
HOA 0
MaintenanceExpense 249
Garage Y/N 0
Special Listing Conditions Standard
Status Active
Directions Old River School Road and Firestone blvd
City Downey
Entry Location Front Gate
Senior Community Y/N 0
Open Parking Spaces 10
Number Of Units Total 14
MLS Area D2 - Northwest Downey N of Firestone W of Downey
Lot Size Units Square Feet
Lot Size Square Feet 13230
Carport Spaces 4
Carport Y/N 1
Number of Units Leased 14
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N 1
Land Lease Y/N 0
Electric Expense 2282
Fuel Expense 25
Trash Expense 5058
Water Sewer Expense 2075
Additional Parcels Y/N 0
Rent Control Y/N 0
Virtual Tour https://realestate.merakiestatemedia.com/sites/gevvqvo/unbranded
Building Area Units Square Feet
Standard Status Active
Year Built Source Estimated
Tax Lot 4
Total Actual Rent 353822
Property Sub Type Additional Apartment
Cap Rate 6.2
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Interior
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N 1
Heating Y/N 1
Fireplace Y/N 0
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Assigned Carport
Lot Features 11-15 Units/Acre
Water Source Public
Total Parking 14
Lot Size Area 13230
Number of Buildings 1
Building Area Total 11344
Lot Size Acres 0.3037
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded Features
List By
American Realty Associates

Broker

mikhailmagdy1@hotmail.com

Email

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$5,249,000 Listed Price

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7370 Neo Street, Downey, CA, 90241 is a Multi-Family Home for sale at $5,249,000 with 11,344 sqft and a lot size of 0.3037. 7370 Neo Street is a studio with 1.1 baths and was built in 1957. The property's zip code is 90241 which is in Downey, CA