1156 Steuben, Pasadena, CA 91106

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$1,000,000

Est. payment - /mo

4 Beds

6,807 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PF25256939

Bedrooms 4

Lot Size 6,807 Sqft

Lot Dimensions 56x121

Property Sub-Type Res Income 2-4 Units

Property Description

Unique investment opportunity in the heart of Pasadenaperfectly 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 youre 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 Assessor

Direction South of Green Street- West of Hill Ave

Interior

Heating Floor Furnace

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5735015003

Acceptable Financing Cash

Listing Terms Cash

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Listed by Enrique Lizarazu COMPASS

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

1156 Steuben Pasadena, CA 91106

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

Get More Information