Active

755 E Pine Street

Altadena, CA 91001

$5,595,000 $23,588/Mo

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Overview

Bed

Bath

13,682

Sqft

22,215

Sqft(Lot)

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 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.

Property Details

Property Type : Residential Income

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

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 26

Bathroom Information

Total Baths: 19 Full Baths: 0 Half Baths: 0
Interior Features

Property Appliances: Refrigerator
Heating Source

Wall Furnace Has Heating

Building Information

Year Built: 1958 Building Area Total: 13,682

Lot Details

Lot Dimensions Source: Assessor Lot Size Acres: 0.51 Lot Size Dimensions: 50x105
Lot Size Source: Assessor Lot Size Square Feet: 22215

Listing Price Information

Original List Price: 5,595,000 Listing Contract Date: 2026-03-11
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5841030021

Garage and Parking

Garage Description: Detached Carport

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 604 - Altadena Directions: North of E Altadena Drive and West of Lake Ave. Zoning: LCR3YY Source Property Type: Residential Income Area: 604 - Altadena
Building and Construction

Property Age: 68 Year Built Source: Assessor Total Square Feet Living: 13682 Levels or Stories: Two Building Total Stories: 2

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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	$1,745,000	3	2	1,744	1,744 SqFt
2201 Roosevelt Avenue, Altadena, CA, 91001	$1,399,000	3	3	2,243	2,243 SqFt
2185 N Roosevelt Avenue, Altadena, CA, 91001	$1,899,000	3	1	2,160	2,160 SqFt
2061 N Roosevelt Avenue, Altadena, CA, 91001	$1,450,000	3	2	1,621	1,621 SqFt
2452 N Altadena Drive, Altadena, CA, 91001	$1,595,000	3	2	2,223	2,223 SqFt
2217 Crescent Drive, Altadena, CA, 91001	$3,995,000	6	4	5,917	5,917 SqFt
2555 N Altadena Drive, Altadena, CA, 91001	$2,395,000	4	4	3,297	3,297 SqFt
2065 E Altadena, Altadena, CA, 91001	$3,999,998	7	9	6,125	6,125 SqFt
2060 E Altadena Drive, Altadena, CA, 91001	$2,475,000	4	2	3,016	3,016 SqFt

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ByOwner last updated this listing 06/13/2026 @ 11:15

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