- 5 Beds
- 5 Baths
- .16 Acres
- 164 DOM
1156 Steuben
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.
Essential Information
- MLS® #PF25256939
- Price$925,000
- Bedrooms5
- Bathrooms5.00
- Acres0.16
- Year Built1905
- TypeResidential Income
- Sub-TypeDuplex
- StatusActive
Community Information
- Address1156 Steuben
- Area648 - Pasadena (SE)
- CityPasadena
- CountyLos Angeles
- Zip Code91106
Amenities
- Parking Spaces5
- # of Garages2
- ViewNone
- PoolNone
Interior
- InteriorLaminate, Carpet, Tile, Wood
- Interior FeaturesMultiple Staircases
- AppliancesDryer, Washer
- HeatingFloor Furnace, Wall Furnace
- CoolingWall/Window Unit(s)
- FireplacesNone
- # of Stories2
- StoriesTwo
Exterior
Lot Description
Level, Rectangular Lot, Near Public Transit
Foundation
Combination, Raised, Slab, Stone
Additional Information
- Date ListedNovember 13th, 2025
- Days on Market164
- ZoningRM48
Listing Details
- AgentEnrique Lizarazu
- OfficeCOMPASS
Price Change History for 1156 Steuben, Pasadena, (MLS® #PF25256939)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active Under Contract to Active | – | |
| Status Changed from Active to Active Under Contract | – | |
| Price Reduced from $1,000,000 to $925,000 |
Enrique Lizarazu, COMPASS.
Based on information from California Regional Multiple Listing Service, Inc. as of April 26th, 2026 at 1:57am PDT. 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.