About 1156 Steuben Street
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.
Features of 1156 Steuben Street
| MLS® # | PF25149429 |
|---|---|
| Price | $1,015,000 |
| Bedrooms | 5 |
| Bathrooms | 0.00 |
| Acres | 0.16 |
| Year Built | 1905 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 1156 Steuben Street |
|---|---|
| Area | 648 - Pasadena (SE) |
| City | Pasadena |
| County | Los Angeles |
| Zip Code | 91106 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Driveway, Garage |
| # of Garages | 2 |
| Garages | Driveway, Garage |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Wood |
|---|---|
| Interior Features | Multiple Staircases |
| Heating | Wall Furnace, Floor Furnace |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco, Frame |
|---|---|
| Lot Description | Street Level, Value In Land |
| Roof | Rolled/Hot Mop, Shingle |
| Construction | Stucco, Frame |
Additional Information
| Date Listed | July 10th, 2025 |
|---|---|
| Days on Market | 97 |
| Zoning | RM48 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Enrique Lizarazu |
|---|---|
| Office | COMPASS |