Overview
Property ID: HZPF25150795
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. Offers are due 7/30/2025 at 6:00 pm
Address
Open on Google Maps- Address Steuben
- City Pasadena
- State/county Los Angeles
- Zip/Postal Code 91106
Details
Updated on October 29, 2025 at 2:07 am- Property ID: HZPF25150795
- Price: $1,000,000
- Property Status: Land
- Listed by: Enrique Lizarazu
- DRE #: 00691382
- Contact Mail: Enrique.Lizarazu@compass.com
- Brokered by: COMPASS
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