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7338-7340 Neo St
Downey, CA 90241
The Bahamas Apartments · Multifamily Property For Sale · 16 Units

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.30 AC
Building Size 8,832 SF
Average Occupancy 100%
No. Stories 2
Year Built 1956
Parking Ratio 1.36/1,000 SF
Zoning R3

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Vinyl Flooring

SITE AMENITIES

  • Courtyard
  • Fenced Lot
  • Laundry Facilities

ABOUT 7338-7340 NEO ST , DOWNEY, CA 90241

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6231-006-005
Land Assessment
$1,379,570
Improvements Assessment
$3,077,503
Total Assessment
$4,457,073
  • Listing ID: 3683862

  • Date on Market: 9/24/2016

  • Last Updated:

  • Address: 7338-7340 Neo St, Downey, CA 90241

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