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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 RailDriveWalkDistance
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)) 12 min - 5.8 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 20 min - 10.2 mi
Los Angeles International 26 min - 17.6 mi
Bob Hope 36 min - 27.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Doug Rodermund 949-295-8560 Morgan-Skenderian Investment Real Estate Group
Doug Rodermund 949-295-8560 Morgan-Skenderian Investment Real Estate Group