$1,000,000
Est. payment /mo
3,164 SqFt
New
1156 Steuben Pasadena, CA 91106
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,164 sqft
Price per Sqft $316
MLS Listing ID CRPF25256939
HOA Y/N No
Year Built 1905
Lot Size 6,807 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
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. New sewer line.
Location
State CA
County Los Angeles
Zoning RM48
Interior
Heating Floor Furnace, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Carpet, Wood
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Exterior
View Y/N false
View None
Building
Lot Description Level, Other
New Construction No
Others
Tax ID 5735015003
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Listed by Enrique Lizarazu • COMPASS
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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