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$1,200,000
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Property Description
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
Full Property Details
Full Property Details for 8416 5th St
General
- Sold For: $1,200,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: P1-23417
- Added to Site: 220 day(s) ago
Interior
- Fireplace(s): None
- Appliances: Gas Cooktop
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 1
- Parking Features: Garage, Driveway
- Parking: Garage, Driveway
Location
- County: Los Angeles
- Driving Directions: N of Firestone east of Downey
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,296
- Year Built: 1955
Lot Features
- Property View: None
- Lot Size (Acres): 0.1731
- Lot Size Source: Assessor
- Lot Description: No Sprinklers
Financial Considerations
- Price Per Sq. Ft.: $522.65
Listed by Compass, Edward Uriarte and Sotheby's International Realty, Craig White
Sold by Scott Properties Group, Angel Martinez
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Schools
Schools serving 8416 5th St
School District:Downey Unified School District
| Name | Grades | Distance |
|---|---|---|
Gallatin Elementary School 9513 Brookshire Avenue, Downey, CA 90240 | K-5 | 1.1 mi |
Doty Middle School 10301 Woodruff Avenue, Downey, CA 90241 | 6-8 | 0.8 mi |
Downey High School 11040 Brookshire Avenue, Downey, CA 90241 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8416 5th St
Date
Details
Price
Change
Source
9/12/2025
Sold
$1,200,000
-5.88%
MLS
7/25/2025
Listed
$1,275,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8416 5th Street, Downey, CA 90241 (MLS# P1-23417) is a Multi-Family property that was sold at $1,200,000 on September 12, 2025. Want to learn more about 8416 5th Street? Do you have questions about finding other Multi-Family real estate for sale in Downey? You can browse all Downey real estate or contact a Coldwell Banker agent to request more information.

