1156 Steuben Street, Pasadena, CA 91106 (MLS # PF25149429)

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PRICE $1,025,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 3,164 sqft
LOT SIZE 6,809 sqft

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.

DAYS ON MARKET 1 LAST UPDATED 7/10/2025
YEAR BUILT 1905 COMMUNITY 648 - Pasadena (SE)
GARAGE SPACES 2.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA 648 - Pasadena (SE)
BASEMENT Yes
CONSTRUCTION Frame, Stucco
GARAGE Yes
HEAT Floor Furnace, Wall Furnace
LOT 6808 sq ft
LOT DIMENSIONS 56x121
PARKING Driveway, Garage
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Bungalow
VIEW DESCRIPTION None
WATER Public
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CONTACT US ABOUT 1156 STEUBEN STREET
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Listed with COMPASS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 7/10/25 8:25 PM PDT and /or other sources. 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

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