7370 Neo St Downey, CA 90241
Property details
About 7370 Neo St
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!
Highlights
Summary
- Appliances: Range, Electric Oven, Electric Range, Disposal
- Fireplace: None
- Private Pool: No
- Parking: Assigned, Carport
- Heating: Forced Air
- Cooling: Wall/Window Unit(s)
- List Price: $5,249,000
- HOA Amount: $0
- Annual Tax Amount: $21,512
- Tax Year: 2024
- Directions: Old River School Road and Firestone blvd
- Year Built: 1957
- Stories: 2
- Lot Size: 0.3037 Acres
- MLS Number: OC25168654
- MLS Name: CRMLS
- Office Name: American Realty Associates
- Office Phone: (949) 275-2701
- Listing Agent: Magdy Mikhail
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 5:15:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,462,121 | $21,512 |
| 2023 | $1,433,487 | $20,851 |
| 2022 | $1,405,415 | $19,916 |
| 2021 | $1,377,894 | $19,222 |
| 2020 | $1,362,035 | $18,764 |
| 2019 | $1,335,329 | $18,223 |
| 2018 | $1,309,147 | $17,854 |
| 2017 | $1,283,479 | $17,854 |
History based on county public records data.
Nearby schools
8
Williams Elementary
Public District KG-3
0.2 mi
•7530 Arnett St
7
Old River Elementary
Public District 4-5
0.6 mi
•11995 Old River School Rd
6
Rio Hondo Elementary
Public District KG-5
0.9 mi
•7731 Muller St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,375. The majority of Downey, CA residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Pro Boxing
Where do the neighbors shop?
Banana Republic
H&M
IKEA
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Quiznos
What do the neighbors drive?
Toyota
Volkswagen
Lexus
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits- Soft Adult Contemporary
Frequently asked questions
About 7370 Neo St
The listing price of 7370 Neo St property is $5,249,000.
The property 7370 Neo St is a condo located in Downey, California, 90241.
Active Listing: 7370 Neo St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7370 Neo St are: Williams Elementary (GreatSchools Rating 8/10), Old River Elementary (GreatSchools Rating 7/10), Rio Hondo Elementary (GreatSchools Rating 6/10), Stauffer Middle School (GreatSchools Rating 7/10), Bell Gardens Intermediate (GreatSchools Rating 6/10), Griffiths Middle School (GreatSchools Rating 7/10), Warren High School (GreatSchools Rating 7/10), Downey High School (GreatSchools Rating 8/10), Legacy Visual & Performing Arts High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $21,512 (source: MLS/based on county public records data).
The property at 7370 Neo St has 0 bathroom.
The year of construction for 7370 Neo St is 1957.
This home is located at 7370 Neo St in Downey, CA and zip code 90241 in the The Southeast neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 30, 2025 and is currently priced at $5,249,000.
In July 2025, from all listings sold in Downey, CA there were more than 12 sold above asking price, over 14 sold below and more than 4 were sold right at the asked price. The number of homes for sale in Downey, CA increased by 5.1% between June and July 2025. Listings spent 26 days on the market in July 2025, and had a median list price of $862,500 during the same period.