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1156 Steuben
For Sale $925,000
$925,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,807 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. New sewer line.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $925,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1905 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5735015003 |
| MLS # | PF25256939 |
| Property ID | 322353961 |
| Lot Sqft | 6,807 |
| Zoning | RM48 |
| Total Units | 5 |
| Days on Market | 86 |
| Original List Price | $1,000,000 |
| Applicances | Dryer,Washer% |
| Date Updated | January 08, 2026 |
| Date Created | November 13, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $6,437 | $0 |
| Net Income (Yr) | $ 47,682 |
| Cap Rate | 4.77% |
Listing Provided By
Enrique Lizarazu an agent of . Lic #00691382
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 08, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Showing Agent
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- 30 mins
- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT