Overview
- Duplex
- 2
- 1905
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. 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. New sewer line.
Address
Open on Google Maps- Address Steuben
- City Pasadena
- State/county Los Angeles
- Zip/Postal Code 91106
Details
Updated on November 14, 2025 at 6:09 am- Property ID: HZPF25256939
- Price: $1,000,000
- Garages: 2
- Year Built: 1905
- Property Type: Duplex
- Property Status: ResidentialIncome
- Listed by: Enrique Lizarazu
- DRE #: 00691382
- Contact Mail: Enrique.Lizarazu@compass.com
- Brokered by: COMPASS
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