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: 178
  • Year Built: 1956
  • HOA:
  • $/Sqft: $342
  • 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 44 minutes ago
  • CRMLS last updated this listing 4 months ago

Home Features for 7338 Neo St , Downey

Overview
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Property History for 7338 Neo St, Downey

Status
Date
Price
Price Change
Oct 12, 2016
$2,950,000
Listed
Aug 30, 2016
$3,150,000
#PW16191185
As of today, , there are 43 properties listed for sale in ZIP code 90241 and 115 properties listed for sale in the city of Downey, CA. Of those 115 properties, there are 94 single family houses and 21 condos. The current list price for 7338 Neo St is $2,950,000, which is 328% above the median price of $689,000 for Downey and 305% above the median of $729,000 for 90241. 7338 Neo St is approximately 8,616 square feet, which is 331% above the median size in Downey of 2,000 square feet and 331% above the median size in 90241 of 2,000 Sqft. This property's price per Sqft is $342, which is 3% above the median in 90241 of $332 and 2% above the Downey median of $334.
Built in 1956, this multi family house at 7338 Neo St is approximately 8,616 square feet and comes with 12 parking spots. It is listed on 08/30/2016 for $2,950,000 with a cost per Sqft of $342. 7338 Neo St is located in the Downey neighborhood in the Downey Unified. The closest school is Williams Elementary School.

7338 Neo St has been on the market for 178 days. The median days on the market for properties in this area is 51 with a median list price of $689,000 and median cost per square foot of $334. It's currently listed as active under the MLS #PW16191185.

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