7370 Neo St
Description
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...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 for 7370 Neo Street
Property Details for 7370 Neo Street
| Status | Active |
|---|---|
| MLS # | OC25168654 |
| Days on Market | 137 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Res Income 2-4 Units |
| Year Built | 1957 |
| County | Los Angeles County |
Location
Building Information for 7370 Neo Street
Payment Calculator
$27,769 per month
30 year fixed, 6.28% Interest
$25,937
$1,832
$0
Property Information for 7370 Neo Street
- Tenant Pays: Parking Fee
- Gross Income: $353,822
- Gross Scheduled Income: $397,500
- Gross Operating Income: $353,822
- Net Operating Income: $285,165
- Laundry Income: $2,970
- Cap Rate: 6.2
- Operating Expense: $68,656
- Fuel Expense: $25
- Pest Control Expense: $213
- Electric Expense: $2,282
- Insurance Expense: $3,500
- Maintenance Expense: $249
- Professional Management Expense: $20,700
- Other Expense: $34,767
- Other Expense Description: utilitie
- Trash Expense: $5,058
- Water Sewer Expense: $2,075
- Total Expenses: $33,640
- Tax Tract Number: 16372
- Tax Census Tract: 5514.01
- CFD/Mello-Roos Fee: $3,970
- Tax Lot: 4
- Community Features: Suburban
- Appliances: Built-In Range, Electric Oven, Electric Range, Disposal
- Equipment: Laundry Area
- Laundry: Yes
- Laundry Features: Common Area
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Wall/Window Unit(s)
- Heating Type: Forced Air
- Heating: Forced Air
- Heat Equipment: Forced Air Unit
- Virtual Tour URL Unbranded: https://realestate.merakiestatemedia.com/sites/gevvqvo/unbranded
- Entry Location: Front Gate
- Pool Features: Community
- Pool: Community/Common
- Pool Heat: Community/Common
- Lot Features: 11-15 Units/Acre
- Number Of Units: 14
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Assigned, Carport
- Uncovered Spaces: 10
- Open Other Spaces Total: 10
- Parking Garage Spaces: 0
- Carport Spaces: 4
- Parking Features: Assigned, Carport
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 10
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 10
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $290,940
- Unit Type Total Rent: $290,940
- Unit Type Pro Forma: 305464
- Unit Type Type: 1
- Unit Type Units Total: 4
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 4
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $106,560
- Unit Type Total Rent: $106,560
- Unit Type Pro Forma: 111888
- Unit Type Type: 2
- Number Of Units Leased: 14
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 1
- Number Of Separate Gas Meters: 1
- Number Of Separate Water Meters: 1
Property History for 7370 Neo Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 29, 2025 | Listed (Active) CRMLS #OC25168654 | $5,249,000 | — |
| Jul 22, 2025 | Listed (Active) CLAW #OC25168654MR | $5,249,000 | — |
| Jul 22, 2025 | Listed (Active) SDMLS #OC25168654 | $5,249,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/29/2025 | Listed (Active) CRMLS #OC25168654 | $5,249,000 |
| 07/22/2025 | Listed (Active) CLAW #OC25168654MR | $5,249,000 |
| 07/22/2025 | Listed (Active) SDMLS #OC25168654 | $5,249,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7370 Neo Street
Schools near 7370 Neo Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 3 | |||
| Public - | 4 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Williams Elementary School PublicK to 3 | ||
Old River Elementary School Public4 to 5 | ||
Stauffer Middle School Public6 to 8 | ||
Warren High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Northeast Downey Homes for Sale
- Northwest Downey Homes for Sale
- Southeast Downey Homes for Sale
- Southeast LA Homes for Sale
- Southwest Downey Homes for Sale
- Northeast Bellflower Homes for Sale
- Northwest Bellflower Homes for Sale
- Commerce Homes for Sale
- Veterans Park Homes for Sale
- The Villages at Heritage Springs Homes for Sale
- North Paramount Homes for Sale
- Somerset Acres Homes for Sale
- West Whittier-Los Nietos Homes for Sale
- South Whittier Homes for Sale
- Central Bellflower Homes for Sale
- Downey Homes for Sale
- Santa Fe Springs Homes for Sale
- Norwalk Homes for Sale
- Bell Gardens Homes for Sale
- South Gate Homes for Sale
- Pico Rivera Homes for Sale
- Cudahy Homes for Sale
- Bellflower Homes for Sale
- Bell Homes for Sale
- Lynwood Homes for Sale
- Paramount Homes for Sale
- Montebello Homes for Sale
- Maywood Homes for Sale
- Huntington Park Homes for Sale
- Cerritos Homes for Sale
- 90670 Homes for Sale
- 90650 Homes for Sale
- 90280 Homes for Sale
- 90242 Homes for Sale
- 90240 Homes for Sale
- 90201 Homes for Sale
- 90660 Homes for Sale
- 90706 Homes for Sale
- 90040 Homes for Sale
- 90262 Homes for Sale
- 90723 Homes for Sale
- 90640 Homes for Sale
- 90606 Homes for Sale
- 90270 Homes for Sale
- 90605 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of American Realty Associates, Magdy Mikhail, DRE #01804935
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.