1156 Steuben ST new

Pasadena,CA 91106

$ 1025000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PF25149429

Construction Status Fixer

HOA Y/N No

Year Built 1905

Lot Size 6,808 Sqft

Lot Dimensions Assessor

Property Sub-Type Duplex

Property Description

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.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning RM48

Interior

Interior Features Multiple Staircases

Heating Floor Furnace,Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet,Wood

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Driveway,Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs,Gutter(s),Storm Drain(s),Street Lights,Sidewalks

View Y/N No

View None

Roof Type Rolled/Hot Mop,Shingle

Total Parking Spaces 6

Private Pool No

Building

Lot Description Street Level,Value In Land

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5735015003

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 2170.0

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Trust

Lease Land No

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