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. Offers are due 7/30/2025 at 6:00 pm
Property Details
Price:
$1,025,000
MLS #:
PF25150795
Status:
Active
Baths:
0
Address:
1156 Steuben Street 5735015003
Type:
Land
Neighborhood:
648pasadenase
City:
Pasadena
Listed Date:
Jul 10, 2025
State:
CA
ZIP:
91106
Lot Size:
6,807 sqft / 0.16 acres (approx)
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Schools
Interior
Exterior
Community Features
Biking, Curbs, Sidewalks, Street Lights
Lot Features
Lot 6500-9999, Rectangular Lot, Level
Sewer
Public Sewer
View
None
Water Source
Public
Financial
Association Fee
0.00
Utilities
Sewer Connected
Map
Community
- Address1156 Steuben Street 5735015003 Pasadena CA
- Area648 – Pasadena (SE)
- CityPasadena
- CountyLos Angeles
- Zip Code91106
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Courtesy of COMPASS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1156 Steuben Street 5735015003
Pasadena, CA
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