$1,275,000
UNDER CONTRACT

8416 5th St Downey, CA 90241

Estimated payment $7,386/month

Total Views 7,317
6 Beds
3 Baths
2,296 Sq Ft
$555 Price per Sq Ft

Highlights

  • Laundry Room
  • 1 Car Garage
  • Wall Furnace
  • Downey High School Rated A
  • Bike Trail
  • 1-Story Property

About This Home

What's it worth to control the game instead of just playing in it?At 8416, 8418, & 8420 5th St in Downey, you're not just buying real estate--you're stepping into leverage. This isn't a 'maybe later' opportunity. It's staring you in the face right now. And the real question is: What happens if someone else gets to it before you do?Here's the deal:Three separate 2-bedroom, 1-bath units. Over 2,296 square feet of income-producing potential. Whether you're looking to scale your portfolio, live in one and rent the others, or fully lease it out, this setup starts paying you back from day one.Each unit is open, bright, and welcoming designed not just to attract tenants, but to keep them. Shared outdoor space adds value and livability, while off-street parking keeps complaints off your phone. In other words: low friction, high function.And the location? You already know. Downey's in motion. You're minutes from the 5, 710, 105, and 605 freeways. The Promenade, the Downey Theatre, and Porto's are your backyard. This isn't up-and-coming. It's already arrived.So now the real negotiation begins with yourself. Are you going to wait and watch? Or are you going to control the asset and make the market work for you? Because at 8416, 8418, & 8420 5th St., you're not just buying property.You're buying options. Cash flow. Control.And if you're not the one making the move... someone else will. Think of Your Future3 UnitsCurrent Rents8416 - 2/ 1 - $2,0508418 - 2/ 1 - $2,2008420 - 2/1 - $2,350Total Income: $6,600Rent September 1st8416 - 2/ 1 - $2,2008418 - 2/ 1 - $2,3008420 - 2/1 - $2,450Total Income: $6,950

Listing Agent

Edward Uriarte

COMPASS License #01102702 Listed on: 07/25/2025

COMPASS

Co-Listing Agent

Craig White

Sotheby's International Realty License #01884948

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,113

Year Built

  • Built in 1955

Lot Details

  • 7,540 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 2,296 Sq Ft Home
  • 1-Story Property
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 94
  • Tax Tract Number 550901
  • Assessor Parcel Number 6254014032

Community Details

Overview

  • 3 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,984
  • Trash Expense $1,080
  • Water Sewer Expense $660
  • Operating Expense $20,419
  • Net Operating Income $58,781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,113

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 660.00
  • Property Type: Residential Income
  • Parcel Number: 6254014032
  • Year Built: 1955
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 555.31

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage, Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Street Lights, Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7540.00
  • Lot Size Acres: 0.1731

Multi Family

  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 1984.00
  • Lot Size Area: 7540.0000 Square Feet
  • Net Operating Income: 58781.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 20419.00
  • Rent Control: Yes
  • Total Expenses: 20419.00

Tax Info

  • Tax Lot: 94
  • Tax Tract: 4641
  • Tax Tract Number: 550901

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,113 $529,639 $314,008 $215,631
2024 $7,113 $519,254 $307,851 $211,403
2023 $6,883 $509,073 $301,815 $207,258
2022 $6,555 $499,093 $295,898 $203,195
2021 $6,369 $489,308 $290,097 $199,211
2020 $6,276 $484,292 $287,123 $197,169
2019 $6,173 $474,797 $281,494 $193,303
2018 $5,933 $465,488 $275,975 $189,513
2016 $5,745 $447,414 $265,259 $182,155
2015 $5,663 $440,694 $261,275 $179,419
2014 $5,364 $432,062 $256,157 $175,905
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 For Sale $1,275,000 -- $555 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $430,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $392,000 New Conventional
Closed $406,000 New Conventional
Source: Public Records

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-23417

Pasadena-Foothills Association of REALTORS®

APN: 6254-014-032