1156 Steuben ST new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91106
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