$1,799,000
UNDER CONTRACT

8548 Manatee St Downey, CA 90241

Estimated payment $10,826/month

Total Views 9,025
10 Beds
4 Baths
3,616 Sq Ft
$498 Price per Sq Ft

Highlights

  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • 2 Car Garage
  • Downey High School Rated A
  • Laundry Room
  • Bike Trail

About This Home

What if your next move didn't just give you a place to live, but a way to earn while you live?Welcome to 8548 Manatee Street in Downey, where the opportunity isn't knocking, it's parked in the driveway.This isn't just a property. It's four income-generating units, spanning over 3,600 square feet of living space. Two of them offer 3 bedrooms and 1 bath. The other two? 2 bedrooms, 1 bath. Whether you're an investor looking to expand your portfolio or a homeowner ready to have your mortgage offset by rental income, this setup speaks your language.Each unit is bright, open, and welcoming, with just the right amount of charm to attract long-term tenants or create a community of neighbors. Outside, you have shared outdoor space with room to breathe, unwind, or build something special. And yes, off-street parking means fewer headaches and happier residents.Location? You're in the heart of Downey. Minutes from 5, 710, 105, and 605. Close to the energy of the Promenade, the culture of the Downey Theatre, and the addictive pull of Porto's Bakery. You already know the area's thriving--now's your chance to own a piece of it.Bottom line? You don't have to choose between lifestyle and leverage. At 8548 Manatee, you get both.So, ask yourself: What's this opportunity worth to you... If you let it slip away?4 Units8548- 3/ 1.0/ $2,450.008550- 2/ 1.0/ $2,250.008554- 3/ 1.0/ $2,530.008556- 2/ 1.0/ $2,250.00Total Income: $9,480

Listing Agent

Edward Uriarte

COMPASS License #01102702 Listed on: 06/24/2025

COMPASS

Co-Listing Agent

Craig White

Sotheby's International Realty License #01884948

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,714

Year Built

  • Built in 1962

Lot Details

  • 10,468 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 3,616 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 81
  • Tax Tract Number 551
  • Assessor Parcel Number 6255016062

Community Details

Overview

  • 4 Buildings
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,834
  • Trash Expense $1,740
  • Water Sewer Expense $1,080
  • Operating Expense $28,802
  • Gross Income $113,760
  • Net Operating Income $84,958

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,714

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 1080.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6255016062
  • Year Built: 1962
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 497.51

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1740.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 10468.00
  • Lot Size Acres: 0.2403

Multi Family

  • Gross Income: 113760.00
  • Gross Scheduled Income: 113760.00
  • Insurance Expense: 2834.00
  • Lot Size Area: 10468.0000 Square Feet
  • Net Operating Income: 84958.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28801.80
  • Rent Control: Yes
  • Total Expenses: 28801.80

Tax Info

  • Tax Lot: 81
  • Tax Tract: 10121
  • Tax Tract Number: 551...

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 $11,714 $891,819 $471,146 $420,673
2024 $11,714 $874,333 $461,908 $412,425
2023 $11,329 $857,190 $452,851 $404,339
2022 $10,781 $840,383 $443,972 $396,411
2021 $10,495 $823,906 $435,267 $388,639
2020 $10,341 $815,458 $430,804 $384,654
2019 $10,177 $799,469 $422,357 $377,112
2018 $9,817 $783,794 $414,076 $369,718
2016 $9,512 $753,360 $397,998 $355,362
2015 $9,377 $742,045 $392,020 $350,025
2014 $8,869 $727,510 $384,341 $343,169
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $1,799,000 -- $498 / 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 -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Grant Deed -- --
Grant Deed $325,000 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $392,000 New Conventional
Closed $413,000 New Conventional
Closed $441,000 New Conventional
Previous Owner $378,700 Stand Alone Second
Previous Owner $420,000 Credit Line Revolving
Previous Owner $296,000 Credit Line Revolving
Previous Owner $125,000 Credit Line Revolving
Previous Owner $312,000 Purchase Money Mortgage
Previous Owner $48,000 Unknown
Previous Owner $227,500 No Value Available
Closed $65,000 No Value Available
Source: Public Records

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22907

Pasadena-Foothills Association of REALTORS®

APN: 6255-016-062