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LKV Realty, LLC

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Coral Gables, FL 33146

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$1,000,000

$6,000Reward *

1156 Steuben Street, Pasadena, CA 91106Listing ID PF25149429

1156 Steuben Street, Pasadena, CA 91106

Active

Time on site: 369 days • Last updated: Oct 31, 2025

Property Type

Residential Income

Property Sub Type

Duplex

Square Feet

3,164

Acres

0.16

Days on Site

366

Cooling

Wall/Window Unit(s)

Heating

Floor Furnace, Wall Furnace

Year Built

Listing provided by Enrique Lizarazu • COMPASS, (626) 205-4040

Market Report for 91106

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

PF1267

Parking

Driveway, Garage

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.

Property Information

Property Details

Location

Address

1156 Steuben Street

County

Los Angeles

City

Pasadena

Zip Code

91106

MLS Area

648 - Pasadena (SE)

Interior Features

Other Rooms

Laundry Features

Common Area

Building

Building Information

Square Feet

3,164

Year Built

1905

Stories

Construction

Frame, Stucco

Roof

Rolled/Hot Mop, Shingle

Condition

Fixer

Financial

Special Conditions

Trust