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
Lot/land
Listing Provided by:
Enrique Lizarazu DRE #00691382 626-818-0980,
COMPASS
$1,025,000
1156 Steuben St LOT 33, Pasadena, CA 91106
--beds
--baths
6,807Square Feet
Unimproved Land
Built in ----
6,807 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Transit-accessible neighborhoodSignificant development potential
- 31 days
- on Zillow |
- 307 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 07:42pm
Listing Provided by:
Enrique Lizarazu DRE #00691382 626-818-0980,
COMPASS
Source: CRMLS,MLS#: PF25150795
Originating MLS: California Regional MLS

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: None
Lot
- Size: 6,807 Square Feet
- 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 & HOA
Community
- Features: Biking, Curbs, Street Lights, Sidewalks
Location
- Region: Pasadena
Financial & listing details
- Date on market: 7/10/2025
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
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