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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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7370 Neo Street, Downey – $5,249,000

  • 5 Beds
  • 4 Baths
  • .3 Acres
  • 61 DOM
  • 5 Beds
  • 4 Baths
  • .3 Acres
  • 61 DOM

7370 Neo Street

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!

Essential Information

  • MLS® #OC25168654
  • Price$5,249,000
  • Bedrooms5
  • Bathrooms4.00
  • Acres0.30
  • Year Built1957
  • TypeResidential Income
  • Sub-TypeApartment
  • StatusActive

Community Information

  • Address7370 Neo Street
  • CityDowney
  • CountyLos Angeles
  • Zip Code90241

Area

D2 - Northwest Downey, N of Firestone, W of Downey

Amenities

  • Parking Spaces14
  • ParkingAssigned, Carport
  • GaragesAssigned, Carport
  • Has PoolYes
  • PoolCommunity

Interior

  • HeatingForced Air
  • CoolingWall/Window Unit(s)
  • FireplacesNone
  • # of Stories2
  • StoriesTwo

Appliances

Built-In Range, Electric Oven, Electric Range, Disposal

Exterior

  • Lot DescriptionElevenToFifteenUnitsAcre

Additional Information

  • Date ListedJuly 22nd, 2025
  • Days on Market61
  • ZoningDOR3*

Listing Details

  • AgentMagdy Mikhail
  • OfficeAmerican Realty Associates
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Magdy Mikhail, American Realty Associates.

Based on information from California Regional Multiple Listing Service, Inc. as of September 29th, 2025 at 9:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.