
8548 Manatee St Downey, CA 90241
Estimated payment $10,826/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/25/2025 06/25/25 | For Sale | $1,799,000 | -- | $498 / Sq Ft |
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 |
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 |
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Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-22907

APN: 6255-016-062
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