Bungalow

1156 Steuben Street

Pasadena , CA 91106

MLS#: PF25149429

$1,025,000

Status: Active
Listing number: PF25149429
Listing provided by: COMPASS
Listing agent phone: None
Last update: 6 days ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1905

Sq.Footage

N/A

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 & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Floor Furnace, Wall Furnace

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Frame, Stucco

  • Parking

    Driveway, Garage

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.1563

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Bungalow

Price

  • Sales Price

    $1,025,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    33

  • Water Source

    Public

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Enrique Lizarazu , COMPASS

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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.

1156 Steuben Street

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