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1156 Steuben, Pasadena, CA 91106

Local realty services provided by:CENTURY 21 Lois Lauer Realty
1156 Steuben,Pasadena, CA 91106
$925,000
  • - Beds
  • - Baths
  • 3,164 sq. ft.
  • Multi-family
  • Active
Listed by: enrique lizarazu
Office: compass
MLS#:PF25256939
Source:CRMLS

Price summary

  • Price:$925,000
  • Price per sq. ft.:$292.35

About this home

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

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Home facts

  • Year built:1905
  • Listing ID #:PF25256939
  • Added:201 day(s) ago
  • Updated:January 28, 2026 at 05:26 AM

Rooms and interior

  • Living area:3,164 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Floor Furnace, Wall Furnance

Structure and exterior

  • Year built:1905
  • Building area:3,164 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$925,000
  • Price per sq. ft.:$292.35
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