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Sold for $1,200,000
  • Listing Provided by: COMPASS
    Bought with: Scott Properties Group
    $1,200,000

    8416 5th St, Downey, CA 90241

    6beds
    3baths
    2,296sqft
    Multi Family
    Built in 1955
    -- sqft lot
    $1,211,100 Zestimate®
    $523/sqft
    $3,238 Estimated rent

    Home value

    $1,211,100

    $1.10M - $1.33M

    $3,238/mo

    Zestimate® history
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    $3,238/mo

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    Rent Zestimate®

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    $7,558/mo

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    $7,558/mo

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    What's special

    Open bright and welcomingShared outdoor spaceOff-street parking
    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

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Edward Uriarte DRE #01102702 626-817-3238,

    COMPASS,

    Craig White DRE #01884948 310-415-8666,

    Sotheby's International Realty

    Bought with:

    Angel Martinez, DRE #01836393

    Scott Properties Group

    Source: CRMLS,MLS#: P1-23417MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Cooktop
    • Laundry: Inside
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,296
    • Total interior livable area: 2,296 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Driveway, Garage
    • Garage spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,540 sqft
    • Features: Sprinklers None
    Details
    • Parcel number: 6254014032
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

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

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,Cal Vet Loan,FHA,VA No Loan

    Price history

    DateEventPrice
    9/12/2025Sold$1,200,000-5.9%$523/sqft
    Source: CRMLS #P1-23417 Report a problem
    8/20/2025Contingent$1,275,000$555/sqft
    Source: CRMLS #P1-23417 Report a problem
    7/26/2025Listed for sale$1,275,000+196.5%$555/sqft
    Source: CRMLS #P1-23417 Report a problem
    10/12/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    10/4/2022Listed for rent$1,950$1/sqft
    Source: Zillow Rental Manager Report a problem
    9/3/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    8/30/2021Listed for rent$1,950+5.4%$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/24/2021Listing removed--
    Source: Owner Report a problem
    8/25/2020Listing removed$1,850$1/sqft
    Source: Owner Report a problem
    8/17/2020Listed for rent$1,850$1/sqft
    Source: Owner Report a problem
    12/7/2011Sold$430,000+7.8%$187/sqft
    Source: Public Record Report a problem
    9/3/2011Listed for sale$399,000$174/sqft
    Source: Flans & Weiner, Inc. #F11115686 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,238 +1.8%$529,639 +2%
    2024$7,113 +3.3%$519,254 +2%
    2023$6,883 +5%$509,073 +2%
    2022$6,555 +2.9%$499,093 +2%
    2021$6,369 +1.5%$489,308 +1%
    2020$6,276 $484,292 +2%
    2019$6,276 +5.8%$474,797 +2%
    2018$5,933 $465,488 +2%
    2017$5,933 +1.7%$456,362 +2%
    2016$5,833 +1.5%$447,414 +1.5%
    2015$5,745 +7.1%$440,694 +2%
    2014$5,364 $432,062 -20%
    2011-- $540,000 +148.5%
    2010-- $217,283 +3.8%
    2007-- $209,346 +2%
    2006-- $205,242 +1.1%
    2005-- $203,100 +4%
    2004-- $195,215 +1.9%
    2003-- $191,638 +6.1%
    2000-- $180,587

    Find assessor info on the county website

    Neighborhood: 90241

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,211,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,211,100