1156 Steuben Pasadena, CA $ 1,000,000
1156 Steuben
$ 1,000,000
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1156 Steuben

Pasadena, CA, 91106
$ 1,000,000
Baths1.0 Sq 3,164

Monthly Estimate*

$ 6,239

Listed by COMPASS
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Studio

Multi-Family Home for sale in Pasadena, CA

for $1,000,000 with 1 full bath. This 3,164 square foot home was built in 1905 on a lot size of 0.1563.

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.

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Multi-Family Active

Price

$ 1,000,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1563

Year Built

1905

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

PF25256939

Days on Market

36

Features
General
Sewer Public Sewer
Heating Floor Furnace Wall Furnace
Cooling Wall/Window Unit(s)
Possession See Remarks
Appliances Dryer Washer
Zoning RM48
HOA Fee 0
Garage Spaces 2
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Year Built 1905
View None
Stories Count 2
Levels Two
Property Subtype Duplex
Gross Income 77244
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 47682
Operating Expense 29562
Insurance Expense 5000
New Construction false
Property Type Residential Income
HOA false
Facing Direction North
Garage Y/N true
Special Listing Conditions Standard Trust
Status Active
Directions South of Green Street- West of Hill Ave
City Pasadena
Disclosures Rent Control
Entry Location living room
Senior Community Y/N false
Open Parking Spaces 3
Number Of Units Total 5
MLS Area 648 - Pasadena (SE)
Lot Size Units Square Feet
Lot Size Square Feet 6807
Number of Units Leased 5
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Property Condition Fixer
Trash Expense 0
Water Sewer Expense 8022
Ok to Lease Month To Month
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 33
Total Actual Rent 6437
Property Sub Type Additional Duplex
Taxes 12500
Cap Rate 4.77
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Interior
Interior Amenities Multiple Staircases
Flooring Carpet Laminate Tile Wood
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features Level Near Public Transit Rectangular Lot
Water Source Public
Total Parking 5
Lot Size Area 6807
Foundation Details Combination Raised Slab Stone
Number of Buildings 2
Spa false
Building Area Total 3164
Lot Dimensions 56x121
Lot Size Acres 0.1563
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type City Street
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* Excluded Features
List By
Compass

Broker

Enrique.Lizarazu@compass.com

Email

Affordability Calculator

$6,239
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Monthly Principal & Interest
$6,239
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,000,000 Listed Price

Map


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1156 Steuben, Pasadena, CA, 91106 is a Multi-Family Home for sale at $1,000,000 with 3,164 sqft and a lot size of 0.1563. 1156 Steuben is a studio with 1.0 baths and was built in 1905. The property's zip code is 91106 which is in Pasadena, CA