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About the Listing PF10755M - PF1267
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.
Listing Highlights for 1156 Steuben St
Status
Active
Days on Site
107
Property Type
Multi-Family
MLS ®
PF25149429
Year Built
1905
Total Square Footage
3,164
Lot/Acreage
0.16
County
Los Angeles
Area
648 - Pasadena (SE)
Interior Details
- Bedrooms: 5
- Bathrooms: Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Floor Furnace,Wall Furnace
- Fireplaces:
- Floor: Carpet,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: 2 Staircases
- Water: Public
Exterior Details
- Lot Description: Level with Street,Lot 6500-9999,Value In Land,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 6
- Zoning: RM48
- Roof: Rolled/Hot Mop,Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Driveway,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5735015003
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1156 Steuben St Pasadena, CA 91106
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