1156 Steuben St

Pasadena, CA 91106

$1,000,000
Price
5
Beds
5
Baths
3,164 Sq. Ft.
$316 / Sq. Ft.
3,164
Sq. Ft.
$316
per Sq. Ft.
Listed By CompassVirtual Tour
Listed By CompassVirtual Tour
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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...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.

Listing Agent

  1. Enrique Lizarazu

    Enrique Lizarazu

    Listing Agent

    Compass

    DRE #00691382

    CallTextEmail

Property Details for 1156 Steuben Street

View
None
Parking Spaces Total
5
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
5.0
Lot Size Source
Assessor
Lot Size Dimensions
56x121
Property Attached YN
true
LISTING UPDATED: 12/03/2025 01:12 AM

Property Details for 1156 Steuben Street

StatusActive
MLS #PF25256939
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1905
Lot Size0.16 AC / 6,807 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Enrique Lizarazu, DRE #00691382
Add your commute

Virtual Tour

Building Information for 1156 Steuben Street

Stories2Residences-Year Built1905Building Size-Lot Size0.16 AC / 6,807 SF

Payment Calculator

$6,229 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,941

Property Taxes

$1,288

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1156 Steuben Street

Rental Info
Rental Info
  • Lease Term: Month To Month
Income / Expense / Tax Details
Income Details
  • Gross Income: $77,244
  • Gross Scheduled Income: $77,244
  • Net Operating Income: $47,682
  • Number Of Rented Garages: 0
  • Laundry Income: $60
  • Gross Multiplier: 12.95
  • Cap Rate: 4.77
Expense Details
  • Operating Expense: $29,562
  • New Taxes Expense: $12,500
  • Gardener Expense: $1,440
  • Fuel Expense: $0
  • Licenses Expense: $430
  • Electric Expense: $0
  • Insurance Expense: $5,000
  • Professional Management Expense: $0
  • Other Expense: $2,170
  • Other Expense Description: gas
  • Trash Expense: $0
  • Water Sewer Expense: $8,022
  • Total Expenses: $29,562
Tax / Assessment Info
  • Tax Block: M
  • Tax Tract Number: 4050
  • CFD/Mello-Roos Fee: $694
  • Tax Lot: 33
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Interior Features: 2 Staircases
  • Room Type: Basement, Kitchen, Laundry, Living Room
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace, Wall Furnace
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
  • Flooring Type: Carpet, Laminate, Tile, Wood
  • Flooring: Carpet, Laminate, Tile, Wood
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Entry Location: living room
  • Foundation Details: Combination, Raised, Slab, Stone
  • Foundation Details: Combination, Raised, Slab, Stone
  • Property Condition: Fixer
  • Pool Features: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Direction Faces: North
  • Land Lease: No
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 3
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,481
  • Unit Type Total Rent: $1,481
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,176
  • Unit Type Total Rent: $1,176
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,078
  • Unit Type Total Rent: $1,078
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,142
  • Unit Type Total Rent: $1,142
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1156 Steuben Street

DateEvent & SourcePriceAppreciation
Nov 13, 2025

Listed (Active)

CRMLS #PF25256939

$1,000,000—
Nov 13, 2025

Listed (Active)

SDMLS #PF25256939

$1,000,000—
Nov 5, 2025

Withdrawn / Cancelled

CRMLS #PF25150795

$1,000,000—
Nov 5, 2025

Withdrawn / Cancelled

CRMLS #PF25149429

$1,000,000—
Nov 5, 2025

Withdrawn / Cancelled

SDMLS #PF25150795

$1,000,000—
Nov 5, 2025

Withdrawn / Cancelled

SDMLS #PF25149429

$1,000,000—
Sep 3, 2025

Accepting Backup Offers

CRMLS #PF25150795

—
Sep 3, 2025

Accepting Backup Offers

CRMLS #PF25149429

—
Sep 3, 2025

Accepting Backup Offers

SDMLS #PF25150795

—
Sep 3, 2025

Accepting Backup Offers

SDMLS #PF25149429

—
Jul 10, 2025

Listed (Active)

CRMLS #PF25150795

$1,025,000—
Jul 10, 2025

Listed (Active)

CRMLS #PF25149429

$1,025,000—
Jul 10, 2025

Listed (Active)

SDMLS #PF25150795

$1,025,000—
Jul 10, 2025

Listed (Active)

SDMLS #PF25149429

$1,025,000—
DateEvent & SourcePrice
11/13/2025

Listed (Active)

CRMLS #PF25256939

$1,000,000
11/13/2025

Listed (Active)

SDMLS #PF25256939

$1,000,000
11/05/2025

Withdrawn / Cancelled

CRMLS #PF25150795

$1,000,000
11/05/2025

Withdrawn / Cancelled

CRMLS #PF25149429

$1,000,000
11/05/2025

Withdrawn / Cancelled

SDMLS #PF25150795

$1,000,000
11/05/2025

Withdrawn / Cancelled

SDMLS #PF25149429

$1,000,000
09/03/2025

Accepting Backup Offers

CRMLS #PF25150795

—
09/03/2025

Accepting Backup Offers

CRMLS #PF25149429

—
09/03/2025

Accepting Backup Offers

SDMLS #PF25150795

—
09/03/2025

Accepting Backup Offers

SDMLS #PF25149429

—
07/10/2025

Listed (Active)

CRMLS #PF25150795

$1,025,000
07/10/2025

Listed (Active)

CRMLS #PF25149429

$1,025,000
07/10/2025

Listed (Active)

SDMLS #PF25150795

$1,025,000
07/10/2025

Listed (Active)

SDMLS #PF25149429

$1,025,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1156 Steuben Street

Taxable ValueLand$977,976Additions$326,685Total$1,304,661
Tax Record2025$15,459 ($1,288 / month)
Home Facts
Total Finished SqFt3,164 SqFtAbove Grade Finished SqFt3,164 SqFtLot Size6,805 SqFtStyleDuplexYear Built1905ZoningPSR4CountyLOS ANGELESAPN5735-015-003

Schools near 1156 Steuben Street

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
McKinley School
Public - K to 8
Blair High School
Public - 6 to 12
Rose City High (Continuation) School
Public - 9 to 12
Marshall Fundamental School
Public - 6 to 12
Rating
School
Distance
McKinley School
PublicK to 8

Blair High School
Public6 to 12

Rose City High (Continuation) School
Public9 to 12

Marshall Fundamental School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1156 Steuben Street, Pasadena, CA 91106

1156 Steuben Street is a multi-family home for sale in Pasadena, CA 91106. This property was listed for sale on November 13, 2025 by Compass, it's currently listed at $1,000,000. This listing's school district is Pasadena Unified School District. Nearby schools include McKinley School, Blair High School and Rose City High (Continuation) School. 1156 Steuben Street is a 5-bed, 5-bath, 3,164 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Enrique Lizarazu, DRE #00691382

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.