1156 Steuben St

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.

This home located at 1156 Steuben ST is currently active and has been available on pardeeproperties.com for 67 days. This property is listed at $1,065,000. It has 5 beds and 0 bathrooms. The property was built in 1905. 1156 Steuben ST is in the Pasadena SE community of Los Angeles County.

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