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: 56
  • Year Built: 1956
  • HOA:
  • $/Sqft: $342
  • Lot: 13,159 Sqft
  • Property Type: Single Family
  • MLS#: PW16191185
  • MLS:
  • Listing Office: Marcus & Millichap
  • Listing Broker: Kevin King
  • Movoto last checked CRMLS for new data 3 hours ago
  • CRMLS last updated this listing 1 week ago

Home Features for 7338 Neo St , Downey

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Real Estate Market Statistics of 7338 Neo Street , Downey

Downey, California

Total Inventory For Sale

170 Homes

+2% m/m +23% y/y

Median List Price


0% m/m +14% y/y

Median Days On Market

41 Days

+2% m/m -24% y/y

Median House Size

1,955 Sqft

0% m/m +7% y/y

Median Price Per Square Foot

$333 /Sqft

-1% m/m +5% y/y

Median Price

7338 Neo St in ZIP code 90241 is a single family home currently listed for $2,950,000. This is 334% above the median of $679,000 for 90241 and 355% above the median price of $649,000 for the city of Downey, CA. As of today, , there are 59 properties listed for sale in the 90241 area and 170 properties listed for sale in Downey. Of those 170 properties for sale, 155 are single family homes and 15 are condos. 7338 Neo St is approximately 8,616 Sqft, 341% above the Downey median of 1,955 and 355% above the 90241 ZIP code median of 1,893. The price per square foot is $342, which is 0.9% above the median price in 90241 of $339 and 3% above the Downey median of $333 per square foot.

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Built in 1956, this single 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 56 days. The median days on the market for properties in this area is 41 with a median list price of $649,000 and median cost per square foot of $333. It's currently listed as active under the MLS #PW16191185.

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