Seller's Agent in 2025
Edward Uriarte
COMPASS
(310) 463-2270
44 Total Sales
8548 Manatee St Downey, CA 90241
10
Beds
4
Baths
3,616
Sq Ft
10,468
Sq Ft Lot
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
As of August 2025What 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
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2025
Closed on
Aug 21, 2025
Sold by
Botros Manal
Bought by
Ibrahim Mina Boshra Ghatt
Seller's Agent
Edward Uriarte
COMPASS
Buyer's Agent
Mina Abdelmalek
Realty One Group West
List Price
$1,799,000
Sold Price
$1,750,000
Premium/Discount to List
-$49,000
-2.72%
Views
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,560
Avg. Annual Appreciation
-3.91%
Original Mortgage
$1,312,500
Outstanding Balance
$1,310,234
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$416,206
Purchase Details
Listed on
Jun 24, 2025
Closed on
Jul 25, 2025
Sold by
Navi Family Trust and Sheila Navi Irrevocable Trust
Bought by
Ibrahim Mina Boshra Ghatt
Seller's Agent
Edward Uriarte
COMPASS
Buyer's Agent
Mina Abdelmalek
Realty One Group West
List Price
$1,799,000
Sold Price
$1,750,000
Premium/Discount to List
-$49,000
-2.72%
Views
68
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Outstanding Balance
$1,310,234
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$416,206
Purchase Details
Closed on
Nov 1, 2016
Sold by
Navi Dani and Navi Rosa
Bought by
Navi Dani and Navi Rosa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
3.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 16, 2010
Sold by
Soto Martin
Bought by
Navi Dani and Navi Rosa
Purchase Details
Closed on
Jun 4, 2010
Sold by
Soto Leticia
Bought by
Soto Martin
Purchase Details
Closed on
Mar 4, 2009
Sold by
Vasquez Jose and Vasquez Josefina Iniguez
Bought by
Soto Martin
Purchase Details
Closed on
Jun 24, 2003
Sold by
Iniguez Jose L and Iniguez Guillermina
Bought by
Iniguez Vasquez Jose and Iniguez Vazquez Josefina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 26, 2001
Sold by
Iniguez Jose L and Iniguez Guillermina
Bought by
Vasquez Jose and Vasquez Josefina Iniguez
Purchase Details
Closed on
Jun 4, 1997
Sold by
Knox Walter B
Bought by
Iniguez Jose L and Iniguez Guillermina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
7.7%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Pacific Coast Title Company | |
| Grant Deed | $1,750,000 | Pacific Coast 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 | $1,312,500 | New Conventional | |
| Previous Owner | $392,000 | New Conventional | |
| Previous Owner | $312,000 | Purchase Money Mortgage | |
| Previous Owner | $227,500 | No Value Available | |
| Closed | $65,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Sold | $1,750,000 | -2.7% | $484 / Sq Ft |
| 08/14/2025 08/14/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $1,799,000 | -- | $498 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Edward Uriarte
-
Craig White
Seller Co-Listing Agent in 2025
Craig White
Sotheby's International Realty
(310) 415-8666
43 Total Sales
-
Mina Abdelmalek
Buyer's Agent in 2025
Mina Abdelmalek
Realty One Group West
(949) 201-6204
25 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-22907
APN: 6255-016-062
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