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1156 Steuben Street

Pasadena, CA 91106

– beds
– baths
– sqft
6,807 sqft lot
1905 build
– on site

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.

Listed By CRMLS_CA / Enrique Lizarazu / COMPASS / 626-818-0980

Last checked: Checking… • Last updated Jul 12, 2025 •

MLS# PF25149429 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

1905
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Frame, Stucco
Building Area Total:

3164.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

2
Architectural Style:

Bungalow
Roof:

Rolled/Hot Mop, Shingle
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

1

Interior

Features:

2 Staircases
Levels:

Two
Entry Location:

living room
Flooring:

Carpet, Wood
Room Type:

Basement, Kitchen, Living Room
Number Wall AC:

3
Fireplace:

No
Fireplace:

None
Laundry:

Community
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

South Of Green Street - East of Wilson Ave.
Latitude:

34.14365500
Longitude:

-118.12653200

The Property

Property Type:

Residential Income
Subtype:

Duplex
Property Condition:

Fixer
Zoning:

RM48
Lot Features:

Level with Street, Lot 6500-9999, Value In Land
Lot Size Area:

6807.0000
Lot Size Dimensions:

56x121
Lot Size Acres:

0.1563
Lot Size SqFt:

6807.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

None
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

M
Tax Census Tract:

4635.00
Tax Tract:

4050
Tax Lot:

33

The Listing

Special Listing Conditions:

Trust
Parcel Number:

5735015003

Heating & Cooling

Heating:

1
Heating:

Floor Furnace, Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Driveway, Garage
Parking Spaces:

6.00
Garage Spaces:

2.00
Uncovered Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Max Internet Speed

Spectrum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
7/10/25 Jul 10, 2025	Listed / Active	CRMLS_CA	$1,025,000

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This multifamily located in Southeast Pasadena, Pasadena, CA 91106 is currently for sale for $1,025,000. 1156 Steuben Street is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 1156 Steuben Street is in the Southeast Pasadena neighborhood of Pasadena and has a WalkScore® of 92, making it a walker’s paradise.

Listing Courtesy of: CRMLS_CA and COMPASS. Based on information from California Regional Multiple Listing Service, Inc. as of 19:44 on Jul 12.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.