12
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$1,025,000
Est. payment /mo
Active
1156 Steuben Pasadena, CA 91106
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25150795
Lot Dimensions 56 x 121
Property Sub-Type Lots/Land
Property Description
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. Offers are due 7/30/2025 at 6:00 pm
Location
State CA
County Los Angeles
Direction South of Green St. and East of Wilson
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 5735015003
Listed by Enrique Lizarazu COMPASS