7338 Neo St
Downey, CA 90241

Bd   — Ba   8,616 Sqft
We are pleased to present a 16 unit apartment building located at 7338 Neo Street in the City of Downey, CA. The Bahamas Apartments is located just south of Firestone Boulevard in the non-rent-control city of Downey. Built in 1956, the subject property consists of approximately 8,616 square feet set on a 13,159 square foot lot. The two story property consists of 16 one bedroom / one bathroom units, all set around a very well maintained courtyard. The property also features an income producing laundry room and a carport for each unit for the tenants' convenience. The subject property provides residents easy access to the 605, 710, 5, & 105 freeways and is centrally-located between the city of Los Angeles and Orange County. This is a rare opportunity to acquire a quality asset in the excellent rental market of Downey. The outstanding location make The Bahamas Apartments a fantastic addition to any investor's portfolio.
  • Neighborhood: Downey
  • Days on Movoto: 240
  • Year Built: 1956
  • HOA: $0 HOA
  • $/Sqft: $337
  • Lot: 13,159 Sqft
  • Property Type: Multi Family
  • MLS#: PW16191185
  • MLS:
  • Listing Office: Marcus & Millichap
  • Listed By: Kevin King
  • Movoto last checked CRMLS for new data 22 minutes ago
  • CRMLS last updated this listing 4 weeks ago
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Property History

Status
Date
Price
Sold
Apr 27, 2017
$2,900,000
Pending
Mar 24, 2017
Price Change
Oct 12, 2016
$2,950,000
Listed
Aug 30, 2016
$3,150,000
#PW16191185

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7338 Neo St
  • $2,900,000
  • Sold

    240 days

  • — Bd
  • — Ba
  • 8,616 Sqft
  • $337/Sqft
  • 13,159 Sqft Lot
  • Built 1956
7338 Neo St is a multi family home located in 90241 in Downey, CA. It was last listed for $2,900,000, which is 357% above the current market median of $635,000 in 90241 and 364% above the market median of $625,000 in Downey. 7338 Neo St is approximately 8,616 Sqft, which is 378% above the median size in Downey of 1,801 Sqft and 378% above the median size in 90241 of 1,801 square feet. This property's price per square foot was $337, which is 3% below the current median in 90241 of $347 and 5% below the Downey median of $354. As of today, , there are 59 properties listed for sale in ZIP code 90241 and 147 properties listed for sale in the city of Downey. Of those 147 properties, there are 119 single family houses and 28 condos.
Built in 1956, this multi family house at 7338 Neo St, Downey CA, 90241 is approximately 8,616 square feet and comes with 12 parking spots. It was last listed with a cost per Sqft of $337. 7338 Neo St is located in the Downey neighborhood in the Downey Unified. The closest school is Williams Elementary School.

7338 Neo St, Downey CA, 90241 was on the market for 240 days. The median days on the market for properties in this area is 45 with a median list price of $625,000 and median cost per square foot of $354. Its current status is sold under the MLS #PW16191185.

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