Leave a Message

Thank you for your message. We will be in touch with you shortly.

1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
1156 Steuben Street
VIEW PHOTOS
$1,025,000

1156 Steuben Street

3,164 Sq.Ft.

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.

Share Property

Location

1156 Steuben Street, Pasadena, CA 91106

Status

For Sale
Enrique Lizarazu

Enrique Lizarazu

TITLE

Associate-Broker

Property Amenities

Interior
Laundry room Common Area
Fireplace None
Flooring Carpet, Wood
Other Interior Features Multiple Staircases
Area & Lot
Lot Area 6,807 Sq.Ft.
Living area 3,164 Sq.Ft.
MLS® ID PF25149429
Year Built 1905
View Description None
Architecture Styles Bungalow
Type Multi-Family
Status For Sale
Exterior
Stories 2
Pool None
Air conditioning Wall/Window Unit(s)
Heat type Floor Furnace, Wall Furnace
Water Source Public
Garage Space 2.0
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Public Sewer
Parking Driveway, Garage
Lot Features Street Level, Value In Land
Roof Rolled/Hot Mop, Shingle
Finance
Sales Price $1,025,000
image

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 1156 Steuben Street, Pasadena, CA 91106. We are reviewing your request and will be in touch shortly!

Mortgage Calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
All estimates are provided for informational purposes only. Actual amounts may vary.
$0,000 Your Payment 20 15 65
$0,000 Your Payment

Get Connected

I am available to assist you with all your residential needs, please contact me.

Follow On Instagram