Properties
Pasadena, CA 91106 1156 Steuben
$925,000
31 more
Presented By: Enrique Lizarazu with COMPASS; 626-818-0980
Baths • 1
SQFT • 3,164
Garage • 2
Home Details
Unique investment opportunity in the heart of Pasadena—perfectly situated within walking distance to Colorado Boulevard, Pasadena City College, and Caltech. This property, zoned RM48, offers significant development potential in one of the most desirable and transit-accessible neighborhoods in the city. While the tax records show the property as a duplex, it is currently operating with five income-generating units. With an attractive Gross Rent Multiplier and Cap Rate, this asset allows you to collect income immediately while submitting plans for new construction or redevelopment. Additional property highlights include: Common laundry facility / Two water heaters/One electric meter and one gas meter/ Delivered with existing tenants in place This is a rare chance to secure a well-located, income-producing property with strong upside potential in a high-demand rental market. Whether you’re looking to expand your portfolio or begin a new project, this property offers both stability and opportunity. New sewer line.
Presented By: Enrique Lizarazu with COMPASS; 626-818-0980
Interior Features for 1156 Steuben
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)Yes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile, Wood
Heating Y/NYes
Interior AmenitiesMultiple Staircases
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 1156 Steuben
Additional Parcels Y/NNo
AppliancesDryer, Washer
Building Area UnitsSquare Feet
Cap Rate4.77
CityPasadena
Community FeaturesCurbs, Street Lights, Sidewalks
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsSouth of Green Street- West of Hill Ave
DisclosuresRent Control
Electric Expense
Entry Locationliving room
Facing DirectionNorth
Fuel Expense
Garage Spaces2
Garage Y/NYes
Gross Income77244
HOANo
HOA Fee$
HeatingFloor Furnace, Wall Furnace
Insurance Expense5000
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet6807
Lot Size UnitsSquare Feet
MLS Area648 - Pasadena (SE)
Net Operating Income47682
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Ok to LeaseMonth To Month
Open Parking Spaces3
Operating Expense29562
Pool FeaturesNone
PossessionSee Remarks
PostalCityPASADENA
Property Attached Y/NYes
Property ConditionFixer
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent Control Y/NYes
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count2
Tax Lot33
Taxes$12,500
Total Actual Rent6437
Trash Expense0
ViewNone
Water Sewer Expense8022
Year Built1905
Year Built SourceAssessor
ZoningRM48
Exterior for 1156 Steuben
Building Area Total3164
Foundation DetailsCombination, Raised, Slab, Stone
Lot Dimensions56x121
Lot FeaturesLevel, Near Public Transit, Rectangular Lot
Lot Size Acres0.1563
Lot Size Area6807
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings2
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking5
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
