755 E Pine St

Altadena, CA 91001

$5,595,000
Price
26
Beds
19
Baths
13,682 Sq. Ft.
$409 / Sq. Ft.
13,682
Sq. Ft.
$409
per Sq. Ft.
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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....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.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 755 East Pine Street

Zoning
LCR3YY
Parcel Number
5841030021
Total Units
19.0
Living Area
13682
Source Living Area
Vendor Enhanced
Area
Altadena (604)
Vacancy Rate
3%
Lot Size Area
22215
LISTING UPDATED: 03/19/2026 12:06 AM

Property Details for 755 East Pine Street

StatusActive
MLS #26666319
Days on Market81
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.51 AC / 22,215 SF
CountyLos Angeles County
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Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
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Building Information for 755 East Pine Street

Stories2Residences-Year Built1958Building Size-Lot Size0.51 AC / 22,215 SF

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$32,196 per month

30 year fixed, 6.36% Interest

Principal and Interest

$27,881

Property Taxes

$4,315

HOA Dues

$0

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Property Information for 755 East Pine Street

Community / Development
Community / Development
  • Number Of Units: 19
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Market Rate
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $493,769
  • Net Operating Income: $322,419.00
  • Gross Income: $509,040
  • Cap Rate: 5.76%
  • Gross Rent Multiplier: $10.99
  • Total Annual Expense: 107630
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.5112
  • Lot Size Square Feet: 22215
  • Lot Size Dimensions: 50x105
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 19
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall Unit(s)
  • Cooling Type: Wall Unit(s)
  • Heating: Wall
  • Heating Type: Wall
  • Flooring: Wood Laminate
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-18-2026
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $3,595.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,055.00
  • Unit Actual Rent: $10,275.00
  • Unit Projected Rent: $21,250.00
  • Like Units: 10
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $17,575.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,302,174.00
  • Assessed Improvement Percent: 35.48
  • Assessed Land Value: $2,367,592.00
  • Assessed Land Percent: 64.52
  • Assessed Total Value: $3,669,766.00

Property History for 755 East Pine Street

DateEvent & SourcePriceAppreciation
Mar 11, 2026

Listed (Active)

CRMLS #26666319

$5,595,000—
Mar 11, 2026

Listed (Active)

CLAW #26666319

$5,595,000—
Oct 15, 2015

Sold

SDMLS #15907229

$3,100,000—
DateEvent & SourcePrice
03/11/2026

Listed (Active)

CRMLS #26666319

$5,595,000
03/11/2026

Listed (Active)

CLAW #26666319

$5,595,000
10/15/2015

Sold

SDMLS #15907229

$3,100,000

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

Public Records for 755 East Pine Street

Taxable ValueLand$2,367,592Additions$1,302,174Total$3,669,766
Tax Record2025$51,785 ($4,315 / month)
Home Facts
Total Finished SqFt13,682 SqFtAbove Grade Finished SqFt13,682 SqFtLot Size22,260 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLCR3YYCountyLOS ANGELESAPN5841-030-021

Schools near 755 East Pine Street

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Altadena Elementary School
Public - K to 5
Eliot Arts Magnet
Public - 6 to 8
John Muir High School
Public - 9 to 12
Pasadena Rosebud Academy
Charter - K to 8
Rating
School
Distance
Altadena Elementary School
PublicK to 5

Eliot Arts Magnet
Public6 to 8

John Muir High School
Public9 to 12

Pasadena Rosebud Academy
CharterK to 8

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 755 East Pine Street, Altadena, CA 91001

755 East Pine Street is a multi-family home for sale in Altadena, CA 91001. This property was listed for sale on March 11, 2026 by Marcus & Millichap, it's currently listed at $5,595,000. It has been on the market for a total of 81 days and was last sold on October 15, 2015. This listing's school district is Pasadena Unified School District. Nearby schools include Altadena Elementary School, Eliot Arts Magnet and John Muir High School. 755 East Pine Street is a 26-bed, 19-bath, 13,682 sqft multi-family home built in 1958.

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 Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

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.