12
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$1,025,000
Est. payment /mo
6,808 Sqft Lot
New
1156 Steuben ST Pasadena, CA 91106
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UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25150795
HOA Y/N No
Lot Size 6,808 Sqft
Lot Dimensions Assessor
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.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSR4
Interior
Fireplace No
Exterior
Community Features Biking, Curbs, Street Lights, Sidewalks
Utilities Available Sewer Connected
View Y/N No
View None
Present Use Multi-Family
Building
Lot Description Level, Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5735015003
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Trust
Listed by Enrique Lizarazu COMPASS 626-818-0980
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.