1156 Steuben Street, Pasadena, CA 91106

Local realty services provided by:ERA Donahoe Realty
1156 Steuben Street,Pasadena, CA 91106
$1,015,000
  • 4 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:enrique lizarazu
Office:compass
MLS#:PF25149429
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,015,000

About this home

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

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Home facts

  • Listing ID #:PF25149429
  • Added:68 day(s) ago
  • Updated:October 02, 2025 at 02:09 PM

Rooms and interior

  • Bedrooms:4

Heating and cooling

  • Cooling:Wall/Window
  • Heating:Floor Furnace

Structure and exterior

  • Roof:Rolled/Hot Mop

Finances and disclosures

  • Price:$1,015,000
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