1156 Steuben Street, Pasadena, CA 91106 - MLS#PF25149429

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,065,000

Est. payment | -/mo

4 Beds

6,807 Sqft Lot

Save

$ 1,065,000

Est. payment | -/mo

Save

4 Beds

6,807 Sqft Lot

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 Size 6,807 Sqft

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.

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

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1156 Steuben Street Pasadena, CA 91106