Properties

Altadena, CA 91001 755 E Pine Street

755 E Pine Street Altadena, CA - Image 1755 E Pine Street Altadena, CA - Image 2755 E Pine Street Altadena, CA - Image 3
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755 E Pine Street Altadena, CA - Image 4755 E Pine Street Altadena, CA - Image 5755 E Pine Street Altadena, CA - Image 6755 E Pine Street Altadena, CA - Image 7755 E Pine Street Altadena, CA - Image 8755 E Pine Street Altadena, CA - Image 9755 E Pine Street Altadena, CA - Image 10755 E Pine Street Altadena, CA - Image 11755 E Pine Street Altadena, CA - Image 12755 E Pine Street Altadena, CA - Image 13755 E Pine Street Altadena, CA - Image 14
Presented By: Filip Niculete with Marcus & Millichap;
  • MLS# 26666319
  • 03/11/2026
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  • Beds • 26
  • Baths • 2
  • SQFT • 13,682

Home Details

We are pleased to present 755 East Pine Street, a 19-unit value-add apartment community located in Altadena (unincorporated Los Angeles County), directly north of Pasadena and positioned at the base of the San Gabriel Mountains. The offering features a highly functional, workforce oriented unit mix totaling 13,682 square feet on a 0.51-acre parcel, providing scale in a supply-constrained foothill submarket with strong renter demand driven by nearby Pasadena employment, education, and medical nodes.The property consists of (2) Studios (435 SF), (10) 1BR/1BA (756 SF), and (7) 2BR/1BA (925 SF. Ten (10) units are currently vacant, presenting a rare, immediate execution path to renovate and stabilize operations, allowing an investor to reposition the asset through a systematic interior upgrade program, optimize the rent roll, and capture strong "as-renovated" rent premiums in the immediate trade area. For reference, advertised rents in the area commonly range around ~$2,000 for 1 bedroom units and ~$2,200$2,600 for 2-bedroom units, supporting substantial mark-to-market potential upon completion of renovations and lease-up.Originally constructed in 1958, the subject property benefits from classic Southern California garden style fundamentals and on site amenities that support durable tenant demand. Public marketing sources for this address indicate features such as a pool, on site laundry, and gated/onsite parking. Altadena's profile is further supported by high-income demographics, with U.S. Census QuickFacts showing median household income of $128,720 in 2024 dollars.Altadena is a highly desirable foothill community located immediately north of Pasadena, known for its natural surroundings, historic residential character, and proximity to major employment centers. Residents benefit from convenient access to Pasadena's employment base, including major institutions such as Caltech and NASA's Jet Propulsion Laboratory (JPL), along with a broad concentration of professional services and innovation-oriented employers throughout the Pasadena corridor. The neighborhood also offers proximity to Old Town Pasadena's retail and dining amenities, nearby transit stops, and outdoor recreation at Eaton Canyon and the San Gabriel Mountains.
Presented By: Filip Niculete with Marcus & Millichap;

Interior Features for 755 E Pine Street

Bedrooms

Total Bedrooms26

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths19

Other Interior Features

Heating Y/NYes
Total Stories2

General for 755 E Pine Street

AppliancesRefrigerator
Attached Garage No
Cap Rate5.76
Carport Y/NYes
CityAltadena
CountyLos Angeles
DirectionsNorth of E Altadena Drive and West of Lake Ave.
Full Baths
Gross Income509040
HOANo
HeatingWall Furnace
LevelsTwo
Living Area13682
Lot Size Square Feet22215
Lot Size UnitsSquare Feet
MLS Area604 - Altadena
Net Operating Income322419
New ConstructionNo
Number Of Units Total19
PostalCityALTADENA
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1958
Year Built SourceAssessor
ZoningLCR3YY

Exterior for 755 E Pine Street

Building Area Total13682
Lot Dimensions50x105
Lot Size Acres0.51
Lot Size Area22215
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings2
Parking FeaturesDetached Carport
Total Parking19

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $5,595,000
MLS#26666319
List Date 03/11/2026
Property Type Multi-Family
Phone 888.795.6274
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