8116 3rd St, Downey, CA 90241
OFF MARKET

8116 3rd St
Downey, CA 90241

  • 8 Beds
  • 14 Baths
  • 7,704 sqft (on 0.48 acres)
8 Beds
14 Baths
7,704 sqft
(on 0.48 acres)

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

Presenting an outstanding investment opportunity in the Downtown area of the city of Downey, exclusively offered by RE/MAX Commercial & Investment Realty. This impressive property comprises 14 single-story units set on a spacious 20,996 square foot lot. There is a total of 14 detached single car garages and the property is separately metered for gas and electric. Boasting an impressive Walk Score of 89, the property offers unparalleled access mere footsteps away to shopping, trendy dining, and entertainment options, enhancing its appeal and marketability. Additionally, with approximately 40% upside potential in the current rents, this investment epitomizes prime real estate in a thriving rental market, promising long-term growth and stability. All offers must include a current proof of funds.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from July 30, 2024

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180 days ago

Home Details for 8116 3rd St

Interior Features

Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 14
Dimensions and Layout
Living Area: 7704 Square Feet
Heating & Cooling
Heating: WallNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wall
Levels, Entrance, & Accessibility
Levels: One

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
Number of Garage Spaces: 14Number of Covered Spaces: 14No CarportHas a GarageNo Attached GarageParking Spaces: 14Parking: Garage - 1 Car

Property Information

Year Built
Year Built: 1941
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family

Price & Status

Price
List Price: $3,200,000
Status Change & Dates
Off Market Date: Wed Jun 12 2024

Active Status

MLS Status: Sold

Location

Direction & Address
City: Downey

Building

Building Area
Building Area: 7704 Square Feet

Lot Information

Lot Area: 0.48 acres

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 24-391225
Last check for updates: about 7 hours ago
Listed by Nicholas Petrosian DRE # 01462598, (949) 607-7096
Remax Commercial and Investment Realty, (213) 817-1000
Bought with: Nicholas Petrosian DRE # 01462598, (949) 607-7096, Remax Commercial and Investment Realty, (213) 817-1000
Source: CLAW, MLS#24-391225

Price History for 8116 3rd St

DatePriceEventSource
07/30/2024$2,800,000Sold
CLAW #24-391225
06/13/2024$3,200,000PendingCLAW #24-391225
05/27/2024$3,200,000PendingToActiveCLAW #24-391225
05/21/2024$3,200,000ContingentCLAW #24-391225
05/13/2024$3,200,000Listed For SaleCLAW #24-391225

Market trends in Downey

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$877K
$4.42KMoM
Sale-to-List Price
100.3%
0.9%MoM
Price per sq ft
$570
$1MoM
Available listings
85
1MoM
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Property Tax and Assessment

Year2025
Tax$37,596
Assessment$2,800,000
Home facts updated by county records

Comparable Sales for 8116 3rd St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
10515 Downey Ave, Downey, CA
0.45
Multi-Family Home
$1,950,000
02/25/26
9
8
7,207
10538 La Reina Ave, Downey, CA
0.40
Multi-Family Home
$3,945,000
05/27/26
18
17
7,551
10525 Downey Ave, Downey, CA
0.43
Multi-Family Home
$2,100,000
10/16/25
13
6
6,156
8105 Orange St, Downey, CA
1.18
Multi-Family Home
$2,415,000
12/26/25
12
12
8,244
7901 Cole St, Downey, CA
0.88
Multi-Family Home
$1,325,000
06/11/25
9
5
4,182
8548 Manatee St, Downey, CA
0.70
Multi-Family Home
$1,750,000
08/27/25
10
4
3,616
11702 Lakewood Blvd, Downey, CA
1.01
Multi-Family Home
$1,850,000
09/19/25
9
8
5,490
8416 5th St, Downey, CA
0.39
Multi-Family Home
$1,200,000
09/12/25
6
3
2,296
10512 Western Ave, Downey, CA
0.43
Multi-Family Home
$1,180,000
09/23/25
5
3
2,190
8202 5th St, Downey, CA
0.18
Multi-Family Home
$930,000
09/05/25
4
2
1,647

Nearby homes

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Assigned Schools

These are the assigned schools for 8116 3rd St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Downey

At least 1006 Trulia users voted on each feature.

  • 85 % Say it's dog friendly

  • 75 % Say it's walkable to restaurants

  • 74 % Say car is needed

  • 74 % Say yards are well-kept

  • 74 % Say there are sidewalks

  • 73 % Say there's holiday spirit

  • 70 % Say it's walkable to grocery stores

  • 63 % Say they plan to stay for at least 5 years

  • 63 % Say people would walk alone at night

  • 62 % Say it's quiet

  • 60 % Say parking is easy

  • 60 % Say streets are well-lit

  • 51 % Say kids play outside

  • 48 % Say neighbors are friendly

  • 31 % Say there's wildlife

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Dom_val2000
    "Saturday farmers market on La Reina and every third Thursday there is a night market near downtown Downey. "
    0
    Flag
  • Amanda_marie31
    "People don’t pick up after their dogs. A lot of dogs running loose making it somewhat nerve wracking "
    0
    Flag
  • Gc4xhyjhj8
    "It is a fairly safe place to walk around. Everything Is well maintained & everyone usually picks up after their dogs around here."
    0
    Flag
  • Jaime Leiva
    "It’s a truly family neighborhood, safe and clean. People are friendly and courteous. The vibe is really good for walking at any time."
    0
    Flag
  • Trulia User
    "I see dog walkers at all hours of the day…every day. This is a great neighborhood for digs & dig owners. "
    0
    Flag
  • Herrerafrank00
    "More congested than 10 years ago. Loved here 35 years and traffic is getting worse. Freeways touch Downeys borders "
    0
    Flag
  • Rtl.90241
    "Commute is very easy access to freeways and everything is just within minutes away. Roads are well maintained."
    0
    Flag
  • Jenni SH
    "Very family oriented. People take walks in the evening. There’s a sense of community. There’s lots of shops, grocery stores, etc. it’s a very pleasant little hidden gem. One thing I wish, that all the little streets had sidewalks. "
    0
    Flag
  • Camposanam73
    "Love Downey everything is convenient local malls stores and work is about 15 min away. Been on Downey over 13 years"
    0
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  • Jenni SH
    "Downey is just a great city to call home. There’s lots of restaurants and shopping centers. There’s at least one farmers market on Lakewood and Firestone and many neighborhoods are great for trick or treating "
    0
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  • Armando Gutierrez
    "They like it the place it’s beautiful and clam so they don’t main it people are nice and respectful "
    0
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  • Mistermnn
    "Lots of dog poop on side walks and front yards because lots of dog owners don’t think they have to pick up after there dogs or there are some dog owners in the neighborhood that let their dogs run loose in the neighborhood and there dog poops on neighbors yards and they don’t pick it up. Other than that it’s good. "
    0
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  • Herrerafrank00
    "Downey has everything you need, good schools, good food, friendly police department, community programs, only downside would be the traffic getting through the city during rush out, residents usually take the back streets."
    6
    Flag
  • C B
    "Traffic in Downey is really bad. Can take 30 minutes to get from North Downey to South Downey. Lakewood and Telegraph are packed. But near freeways and that helps."
    0
    Flag
  • Teresa
    "Apartments state Dog friendly, but state restrictions on weight which makes it hard to find an apartment within a neighborhood you wish to live in. "
    3
    Flag
  • Monique M.
    "Downey is a dog friendly neighborhood. Some people post individual signs to keep dogs from pooping on their lawn but to each their own. "
    11
    Flag
  • Melodygregorio
    "Movie nights, concerts in the park, ride and stride day, lots and lots of classes for adults, seniors, youth, and children etc. "
    6
    Flag
  • Joc O
    "I grew up in Downey, and have lived here as an adult away from my childhood home but still enjoy living here. It’s close to Cerritos, Lakewood, Bellflower which I visit for different errands. I can drive 30-40 mins (depending on traffic, time of day,etc) to Huntington Beach or Santa Monica. "
    2
    Flag
  • Darlena C. J.
    "There’s a lot of families, and the city is overall pretty safe to be in. The transportation system is all throughout the city. Make the move!"
    0
    Flag
  • Jennylopwz1226
    "I drive to places. Everything is within a 5 minute drive. Close to freeways or sometimes walk to restaurants."
    2
    Flag
  • Yreynaga974
    "Downey is a clean and safe area to grow up and live in. People are generally nice, responsible, respectable and caring human beings."
    2
    Flag
  • Jennifer V.
    "I lived here for seven years now. It is a clean neighborhood with great schools. It is a safe and friendly town."
    3
    Flag
  • Elizabeth D.
    "I have lived in downey for 24 years and I have always felt safe and I love my city. The local officials are always doing their best to take care of our city, local police department keeps us safe! "
    0
    Flag
  • Anamaeespinoza
    "Good family ambiance and lots of good place to go. You can walk, bikes on the area too. Very friendly people "
    2
    Flag
  • Wendy A.
    "I love it here. Never had an issue, lots of restaurants and parks. Clean and people are nice for the most part "
    0
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  • Brojoehdz
    "New to the area so I’m not really familiar with what takes place around here. However, my neighbors have been friendly and welcoming to me and my family. I have zero complaints about my experience here. "
    4
    Flag
  • Susan
    "ok, but increasing freeway traffic can be very challenging at times. I live 16 miles from home, on average that is a 30 minute commute which can turn into 60 minutes in days with freeway incidents. "
    0
    Flag
  • Wendy A.
    "The schools are good and kids are often seen using their bikes up and down alone. Also there are a lot of parks and it’s just a very calm city with pretty quiet people that keep to themselves. They have programs for kids at parks and in the community to keep them busy and active. Does need like a Chuck E. Cheese type of establishment or a jumper place of some sort"
    2
    Flag
  • Wendy A.
    "Concerts in the park, food festivals, day of dead festival, good restaurants. Overall a safe place to ride bikes, parks"
    1
    Flag
  • Jenny M.
    "Safe city to raise your children in. I was born and raised and it is safe, lots of kids and great education "
    0
    Flag
  • Vanessa
    "There is lots to do! From miniature golfing to movies to bowling. The city has lots of history and feels safe. "
    0
    Flag
  • Mpmontiel0214
    "Clean, beautiful and peaceful place to live! Lovely and wonderful people. So traditional and quiet "
    0
    Flag
  • Ashley P.
    "Very close to my job and surrounding places I normally visit. I really enjoy living in Downey CA. "
    0
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  • Cristina Z.
    "Schools are good. Pretty safe to walk at night. I love it here. Been living here for 6 years now. I just wish it was less expensive "
    0
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  • Marcia V.
    "Nice area to raise kids in.Everything is close by schools shopping center mall markets eateries etc.."
    1
    Flag
  • Calleros1d
    "Many local churches with active goers. Farmers market every Saturday’s and people are constantly walking their pets or running themselves "
    0
    Flag
  • Jose S.
    "I love the area. it is close to down town La, but still far enough away to have some nature around me."
    0
    Flag
  • Esteban G.
    "Just keep an eye on your children, there have been many reports of kidnappings happening in the area. "
    3
    Flag
  • Yvette R.
    "About schools and predators that may live in the area. Also closest freeway to access and crime reports "
    0
    Flag
  • Yaritzaduenas22
    "I lived in Downey for about 10 years I grew up here and I love the neighborhood and proper education I was given. I still live in Downey and have kids of my own and I don’t feel unsafe with my kids in Downey. "
    0
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Homes for sale near 8116 3rd St

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Off Market Homes Near 8116 3rd St

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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-06-08 10:50:47 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Some IDX listings have been excluded from this website.

Homes for rent near 8116 3rd St

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8116 3rd St, Downey, CA 90241 is a 8 bedroom, 14 bathroom, 7,704 sqft multi-family built in 1941. This property is not currently available for sale. 8116 3rd St was last sold on Jul 30, 2024 for $2,800,000 (13% lower than the asking price of $3,200,000).