About this home

Introducing Twin Palms at 7306-7312 Neo Street, a prime investment opportunity in Downey, CA. This +/-10,524 SF building, constructed in 1957, comprises (16) immaculately renovated units, offering an attractive mix of 1, 2, and 3-bedroom layouts. With garage parking, copper plumbing, and SB721 compliance, Twin Palms provides investor peace of mind and a sought-after option in the vibrant Downey rental market. Notably, it is not subject to municipal rent control, adding further appeal. This property presents an excellent opportunity for a multifamily investor seeking a lucrative addition to their portfolio. Additionally, the property features a laundry facility, a charming courtyard, and is conveniently located in close proximity to major employment centers and freeways, enhancing its appeal as a valuable investment in the thriving Downey area.

Facts and features

Schools

• Williams Elementary School

  elementary · K-3 · 0.3 mi

  9

• Stauffer Middle School

  middle · 6-8 · 0.5 mi

  6

• Warren High School

  high · 9-12 · 1.0 mi

  7

• Montessori Children's Academy

  elementary · K-6 · 0.4 mi

• Old River Elementary School

  elementary · 4-5 · 0.6 mi

  6

• Sundance Academy

  elementary · 1-12 · 0.4 mi

Price history

• May 7, 2026 · Relisted$5,125,000
• Apr 10, 2026 · Listing Removed—
• Mar 26, 2026 · Listed$5,125,000
• Dec 23, 2021 · Sold$4,055,000

Tax history

• 2025$55,507 tax · $4,389,261 assessed
• 2024$54,493 tax · $4,303,198 assessed
• 2023$52,642 tax · $4,136,100 assessed
• 2022$50,031 tax · $4,055,000 assessed
• 2021$10,774 tax · $644,698 assessed
• 2020$10,645 tax · $638,088 assessed
• 2019$10,530 tax · $625,578 assessed
• 2018$10,169 tax · $613,313 assessed

Home value

$4,770,363

• Quantarium$4,770,363

Where it is