Pasadena, CA 91106 1156 Steuben Street
$1,025,000
7 more
Presented By: Enrique Lizarazu with COMPASS; 626-818-0980
- MLS# PF25150795
- 07/10/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Home Details
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
Presented By: Enrique Lizarazu with COMPASS; 626-818-0980
Interior Features for 1156 Steuben Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 1156 Steuben Street
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityPasadena
Community FeaturesBiking, Curbs, StreetLights, Sidewalks
CountyLos Angeles
Current FinancingNone
Current UseMultiFamily
DirectionsSouth of Green St. and East of Wilson
DisclosuresRentControl
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet6807.0
Lot Size UnitsSquareFeet
MLS Area648 - Pasadena (SE)
MobileHomeRemainsYNNo
New ConstructionNo
Possible UseResidential
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Tax Lot33
UtilitiesSewerConnected
ViewNone
ZoningPSR4
Exterior for 1156 Steuben Street
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions56 x 121
Lot FeaturesLevel, RectangularLot
Lot Size Acres0.1563
Lot Size Area6807.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate