$5,595,000

755 E Pine Street, Altadena, CA 91001

  • 13,682 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon0.51acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $409/sqft
  • Property List Date Icon Listed 21 days ago

Property Description

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 t

Listing Status:
Active
Date Added:
March 11, 2026
Data Last Updated:
April 1, 2026 at 9:09PM
Listing Office:
Marcus & Millichap : 818-212-2700
Listing Agent:
Filip Niculete : 818-212-2763
MLS ID:
CL26666319
  • Heating: Wall Furnace
  • Parking: Other
  • County: Los Angeles
  • Zoning: LCR35841030021

This listing courtesy of Filip Niculete , Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Altadena Arts Magnet School

743 E Calaveras St, Altadena, CA, 91001

Grades KG-5

0.47 miles away

C

Charles W. Eliot Arts Magnet Academy

2184 Lake Ave, Altadena, CA, 91001

Grades 6-8

0.60 miles away

J

John Muir High School

1905 Lincoln Ave, Pasadena, CA, 91103

Grades 9-12

1.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.