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755 E Pine Street

Altadena, CA 91001
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Bed 26

Bed

Bath 0

Bath

SqFt13,682

Sqft

SqFt22,215

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,595,000

AD Id : 76236191

MLS Id : 26666319

Beds : 26

Lot Size : 22,215 Sqft

Living Area Size : 13,682

Year Built : 1958

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 26

    Bathroom Information

    Total Baths: 19
  • Interior Features

    Appliances: Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace

  • Building Information

    Year Built: 1958
    Building Area Total: 13682
    Stories: 2
    Private Pool: No

  • Lot Information

    Lot Dimensions: 50x105 Main Square Feet: 22215 Lot Size Acres: 0.51 Lot Size Source: Assessor Lot Size Square Feet: 22,215

  • Listing Price Information

    Listing Price: $5595000

  • Tax Information

    Parcel Number: 5841030021

  • Location Information

    Direction: North of E Altadena Drive and West of Lake Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1696 N Altadena Drive, Altadena, CA, 91001 $1,499,999 4 3 2,250 2,250 SqFt
2151 N Altadena, Altadena, CA, 91001 $1,525,000 3 2 1,744 1,744 SqFt
2185 N Roosevelt Avenue, Altadena, CA, 91001 $1,899,000 3 4 2,160 2,160 SqFt
1770 Coolidge Avenue, Altadena, CA, 91001 $1,095,000 2 1 1,068 1,068 SqFt
2452 N Altadena Drive, Altadena, CA, 91001 $1,595,000 3 2 2,223 2,223 SqFt
2555 N Altadena Drive, Altadena, CA, 91001 $2,395,000 4 4 3,297 3,297 SqFt
2139 N Grand Oaks Avenue, Altadena, CA, 91001 $1,349,000 4 3 1,930 1,930 SqFt
2065 E Altadena, Altadena, CA, 91001 $3,999,998 7 9 6,125 6,125 SqFt
2043 Pepper Drive, Altadena, CA, 91001 $1,499,000 3 1 1,606 1,606 SqFt
2208 New York Drive, Altadena, CA, 91001 $949,000 3 2 1,688 1,688 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/31/2026 @ 21:17

MLS: 26666319 LISTED BY: Filip Niculete, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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