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7370 Neo Street, Downey, CA 90241
Priced at Only: $5,249,000
For more Information Call Mobile: 714.478.6676
Address: 7370 Neo Street, Downey, CA 90241
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  • MLS#: OC25168654 ( Apartment )
  • Street Address: 7370 Neo Street
  • Viewed: 3
  • Price: $5,249,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 0
  • Days On Market: 56
  • Additional Information
  • County: LOS ANGELES
  • City: Downey
  • Zipcode: 90241
  • Provided by: American Realty Associates
  • Contact: Magdy Magdy
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Prime Investment Opportunity in the Heart of Downey Welcome to 7370 Neo Street, a well maintained multifamily gem located in one of Downeys 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 freewaysmaking 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 youre expanding your portfolio or making your first multifamily acquisition, this property delivers. Dont miss your chance to own a rare multifamily opportunity in one of Southeast LA Countys most stable and sought after submarkets!
Features
Appliances
  1. Built-In Range
  2. Electric Oven
  3. Electric Range
  4. Disposal
Association Fee
  1. 0.00
Building Area Total
  1. 11344.00
Carport Spaces
  1. 4.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Electric Expense
  1. 2282.00
Entry Location
  1. Front Gate
Fireplace Features
  1. None
Fuel Expense
  1. 25.00
Garage Spaces
  1. 0.00
Heating
  1. Forced Air
Insurance Expense
  1. 3500.00
Laundry Features
  1. Common Area
Laundry Income
  1. 2970.00
Levels
  1. Two
Lockboxtype
  1. Call Listing Office
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 285165.00
Otherexpense
  1. 34767.00
Otherexpensedescription
  1. utilitie
Parcel Number
  1. 6231006002
Parking Features
  1. Assigned
  2. Carport
Pest Control Expense
  1. 213.00
Pool Features
  1. Community
Professionalmanagementexpense
  1. 20700.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 443908081:CRM
Tenant Pays
  1. Parking Fee
Totalactualrent
  1. 353822.00
Totalexpenses
  1. 33640.00
Trash Expense
  1. 5058.00
Uncovered Spaces
  1. 10.00
Virtual Tour Url
  1. https://realestate.merakiestatemedia.com/sites/gevvqvo/unbranded
Water Sewer Expense
  1. 2075.00
Water Source
  1. Public
Year Built
  1. 1957
Year Built Source
  1. Estimated
Zoning
  1. DOR3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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