1156 Steuben ST new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91106
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25150795
Lot Size 6,808 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSR4
Exterior
Community Features Biking,Curbs,Street Lights,Sidewalks
Utilities Available Sewer Connected
View Y/N No
View None
Building
Lot Description Level,Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Trust