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$ 1,025,000
Est. payment /mo
Active
1156 Steuben Street Pasadena, CA 91106
4 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25149429
Bedrooms 4
Lot Dimensions 56x121
Property Sub-Type Res Income 2-4 Units
Property Description
Unique investment opportunity in the heart of Pasadenaperfectly 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 youre looking to expand your portfolio or begin a new project, this property offers both stability and opportunity. Offers are due 7/30/2025 at 6:00 pm
Location
State CA
County Los Angeles
Zoning Assessor
Direction South Of Green Street - East of Wilson Ave.
Interior
Heating Floor Furnace
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Rolled/Hot Mop
Building
Story 2
Level or Stories 2
Others
Tax ID 5735015003
Listed by Enrique Lizarazu COMPASS