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$925,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 6 days ago
See This Home
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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.

Full Property Details for 1156 Steuben

General

  • Price: $925,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PF25256939
  • Updated: 1/8/2026
  • Days on Market: 63 days
  • Added to Site: 63 day(s) ago

Interior

  • Rooms/Areas: Basement, Kitchen, Laundry, Living Room
  • Interior Features: 2 Staircases
  • Fireplace(s): None
  • Flooring: Carpet, Laminate, Tile, Wood

Rooms

Other Rooms

  • Laundry: Common Area, Dryer Included, Washer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 2

Location

  • Area: 648 - Pasadena (SE)
  • County: Los Angeles
  • Development Name: 648 - Pasadena (SE)
  • Driving Directions: South of Green Street- West of Hill Ave
  • Direction Faces: North

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Floor Furnace, Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • Foundation: Combination, Raised, Slab, Stone
  • Entry Location: living room
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,164
  • Year Built: 1905

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1563
  • Lot Size (Sq. Ft.): 6,807
  • Lot Size Source: Assessor
  • Lot Dimensions: 56 x 121
  • Zoning: RM48
  • Lot Description: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit

Financial Considerations

  • Price Per Sq. Ft.: $292.35
  • Price Per Unit: 185000

Listed by Compass, Enrique Lizarazu

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Listing agent

— 1156 Steuben —

  • Enrique Lizarazu

    Compass

626-818-0980

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1156 Steuben

School District:Pasadena Unified School District
NameGradesDistance
McKinley School
325 South Oak Knoll Avenue, Pasadena, CA 91101
K-50.6 mi
Blair High School
1201 South Marengo Avenue, Pasadena, CA 91106
6-81.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1156 Steuben Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$925,000
-7.5%
MLS
11/13/2025
Listed
$1,000,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Compass, Enrique Lizarazu

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1156 Steuben, Pasadena, CA 91106 (MLS# PF25256939) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 1156 Steuben is currently listed for $925,000 and was received on November 13, 2025. Want to learn more about 1156 Steuben? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

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