7370 Neo ST Downey CA 90241 MLS #OC25168654

7370 Neo ST
Downey, CA, 90241
$4,999,995
Beds
0 Baths
0 SqFt
0.3 Acres
$4,999,995
7370 Neo ST
Downey, CA, 90241
MLS #OC25168654 image #0
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!

Property Details

Price:
$4,999,995
MLS #:
OC25168654
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
d2northwestdowneynoffirestonewofdowney
Listed Date:
Jul 29, 2025
Total Sq Ft:
11,344
Lot Size:
13,230 sqft / 0.30 acres (approx)
Year Built:
1957
D2 – Northwest Downey, N Of Firestone, W Of DowneyD2northwestdowneynoffirestonewofdowney

Schools

Interior

Appliances
GD, BIR, EO, ER
Cooling
WW
Heating
FA
Laundry Features
AR

Exterior

Community Features
SUB
Parking Spots
14

Financial

Gross Operating Income
$353,822
Maintenance Fee
$249
Net Operating Income
$285,165
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Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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Current real estate data for Single Family in Downey as of Feb 13, 2026
102
Single Family Listed
65
Avg DOM
462
Avg $ / SqFt
$1,019,717
Avg List Price

Community

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Property Summary

    7370 Neo ST Downey CA is a Single Family for sale in Downey, CA, 90241. It is listed for $4,999,995 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 $462. The average listing price for Single Family in Downey is $1,019,717. To schedule a showing of MLS#oc25168654 at 7370 Neo ST in Downey, CA, contact your James Outland agent at 8057482262.
7370 Neo ST
Downey, CA
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