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Sold for $1,750,000
  • Listing Provided by: COMPASS
    Bought with: Realty One Group West
    $1,750,000

    8548 Manatee St, Downey, CA 90241

    10beds
    4baths
    3,616sqft
    Multi Family
    Built in 1962
    -- sqft lot
    $1,729,800 Zestimate®
    $484/sqft
    $3,838 Estimated rent

    Home value

    $1,729,800

    $1.57M - $1.90M

    $3,838/mo

    Zestimate® history
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    $10,971/mo

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    What's special

    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

    Zillow last checked: 7 hours ago

    Listing updated: August 27, 2025 at 07:12pm

    Listing Provided by:

    Edward Uriarte DRE #01102702 626-817-3238,

    COMPASS,

    Craig White DRE #01884948 310-415-8666,

    Sotheby's International Realty

    Bought with:

    Mina Abdelmalek, DRE #01440906

    Realty One Group West

    Source: CRMLS,MLS#: P1-22907MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 4
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Gas Cooktop, Gas Oven
    • Laundry: Inside
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,616
    • Total interior livable area: 3,616 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Driveway, Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Spa features: None
    • Fencing: Block,Wrought Iron
    • Has view: Yes
    • View description: None
    Lot
    • Size: 10,468 sqft
    • Features: Yard
    Details
    • Parcel number: 6255016062
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Curbs, Sidewalks
    Location
    • Region: Downey
    • Subdivision: Not Applicable

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    8/27/2025Sold$1,750,000-2.7%$484/sqft
    Source: CRMLS #P1-22907 Report a problem
    8/20/2025Pending sale$1,799,000$498/sqft
    Source: CRMLS #P1-22907 Report a problem
    7/26/2025Contingent$1,799,000$498/sqft
    Source: CRMLS #P1-22907 Report a problem
    6/25/2025Listed for sale$1,799,000+453.5%$498/sqft
    Source: CRMLS #P1-22907 Report a problem
    7/25/1997Sold$325,000$90/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,915 +1.7%$891,819 +2%
    2024$11,714 +3.4%$874,333 +2%
    2023$11,329 +5.1%$857,190 +2%
    2022$10,781 +2.7%$840,383 +2%
    2021$10,495 +1.5%$823,906 +1%
    2020$10,341 $815,458 +2%
    2019$10,341 +5.3%$799,469 +2%
    2018$9,817 $783,794 +2%
    2017$9,817 +1.7%$768,426 +2%
    2016$9,654 +1.5%$753,360 +1.5%
    2015$9,512 +7.3%$742,045 +2%
    2014$8,869 $727,510 +71.4%
    2009-- $424,453 +6.1%
    2005-- $399,975 +18.5%
    2000-- $337,641

    Find assessor info on the county website

    Neighborhood: 90241

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,729,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,729,800