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. Offers are due 7/30/2025 at 6:00 pm
Off market
Price Unknown
1156 Steuben St LOT 33, Pasadena, CA 91106
--beds
--baths
6,807Square Feet
Unimproved Land
Built in ----
6,807 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 31, 2025 at 01:56pm
Source: CRMLS,MLS#: PF25150795
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: None
Lot
- Size: 6,807 sqft
- Dimensions: 56 x 121
- Features: Level, Rectangular Lot
Details
- Parcel number: 5735015003
- Zoning: PSR4
- Special conditions: Trust
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & neighborhood
Community
- Community features: Biking, Curbs, Street Lights, Sidewalks
Location
- Region: Pasadena
Other
Other facts
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved