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About the Listing PF10755M - PF1267
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.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances: Dryer, Washer
- Air Cond: Wall/Window Unit(s)
- Heating: Floor Furnace,Wall Furnace
- Fireplaces:
- Floor: Carpet,Laminate,Tile,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Multiple Staircases
- Water: Public
Exterior Details
- Lot Description: Level,Near Public Transit,Rectangular Lot,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 5
- Lot Dimensions: 56x121
- Zoning: RM48
- Roof:
- Others: Fixer,2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5735015003
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1156 Steuben Pasadena, CA 91106
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