1156 Steuben, Pasadena, CA 91106

• 3,164 sqft

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. New sewer line.

Listing Status:

Active

Date Added:

November 13, 2025 at 06:00AM

Listing Office:

COMPASS : 858-345-4514

Listing Agent:

Enrique Lizarazu : 626-639-1683

MLS ID:

CRPF25256939

Interior

• Appliances: Dryer
• Laundry: DryerWasherOther
• Flooring: LaminateTileCarpetWood
• A/C: Wall/Window Unit(s)
• Heating: Floor FurnaceWall Furnace

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: RM485735015003
• View: None

This listing courtesy of Enrique Lizarazu, COMPASS