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7306-7312 Neo St
Downey, CA 90241

$5,125,000 USD

Apartments For Sale • 10,524 SF

Property Details

Property Type Apartments
Total Building Size 10,524 SF
Lot Size 0.3 AC
Building Class B
Year Built 1957
Cap Rate 5.16 %

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Great Mix of 1, 2 & 3-Bedroom Units
                            
                                Completely Renovated Inside and Out
                            
                                Garage Parking
                            
                                Copper Plumbing & SB721 Compliant
                            
                                Sought-After Downey Rental Market
                            
                                Not Subject to Municipal Rent Control

Financial Summary (Actual)

Net Operating Income: $264,282 USD (2025)

Cap Rate:	5.16 %
Total Expenses:	$110,526 USD

Amenities

24 Hour Access
Air Conditioning
Balcony
Controlled Access
Courtyard
Laundry Facilities
Tenant Controlled HVAC
Heating
Smoke Free
Kitchen
Refrigerator
Oven
Tub/Shower
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.3 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink))	13 min	-	5.8 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	22 min	-	10.1 mi
Los Angeles International	27 min	-	17.5 mi
Bob Hope	38 min	-	27.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	TwoCarGarage
Included in Rent:	Yes

Research In Progress Research In Progress

7306-7312 Neo St Downey, CA 90241