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1156 Steuben Street

Pasadena CA 91106

4
4
6807 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

4 bedrooms
4 bathrooms
6807 sq. ft. lot size
Multi-Family

Happy sellers in Pasadena

<50%
Less than 50% of sellers in Pasadena reported that their sale price either exceeded or met their price expectations.

Pasadena stands out as a desirable community for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Pasadena over the last 12 months.

Local market activity for 4 bedroom multi families in Pasadena

In the last 12 months, 2 four-bedroom multi families similar to 1156 Steuben Street, have been sold.

This represents a 100% decrease in four-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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