Property Details
About this Property
Unique investment opportunity in the heart of Pasadena—perfectly situated within walking distance to Colorado Boulevard, Pasadena City College, and Caltech. This property, zoned RM48, offers significant development potential in one of the most desirable and transit-accessible neighborhoods in the city. While the tax records show the property as a duplex, it is currently operating with five income-generating units. With an attractive Gross Rent Multiplier and Cap Rate, this asset allows you to collect income immediately while submitting plans for new construction or redevelopment. Additional property highlights include: Common laundry facility / Two water heaters/One electric meter and one gas meter/ Delivered with existing tenants in place This is a rare chance to secure a well-located, income-producing property with strong upside potential in a high-demand rental market. Whether you’re looking to expand your portfolio or begin a new project, this property offers both stability and opportunity.
MLS Listing Information
MLS #
CRPF25149429
MLS Source
California Regional MLS
Days on Site
11
Interior Features
Laundry
Community Facility
Cooling
Window/Wall Unit
Heating
Floor Furnace, Wall Furnace
Exterior Features
Roof
Rolled/Hot Mop, Shingle
Style
Bungalow
Parking, School, and Other Information
Garage/Parking
Garage, Other, Garage: 2 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 5 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1156 Steuben St is a Residential Income in Pasadena, CA 91106. This – square foot property sits on a 6,807 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,025,000 and was built in 1905. This address can also be written as 1156 Steuben St, Pasadena, CA 91106.
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This listing information is up-to-date as of July 11, 2025. For the most current information, please contact Enrique Lizarazu, (626) 639-1683
