755 E Pine St, Altadena, CA 91001
755 E Pine St, Altadena, CA 91001
755 E Pine St, Altadena, CA 91001
755 E Pine St, Altadena, CA 91001
755 E Pine St, Altadena, CA 91001
755 E Pine St, Altadena, CA 91001
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$ 5,395,000
Est. payment | /mo

26 Beds

19 Baths

13,682 SqFt

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$ 5,395,000
Est. payment | /mo
Save

26 Beds

19 Baths

13,682 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,682 sqft

Price per Sqft $394

MLS Listing ID 26666319

Bedrooms 26

Year Built 1958

Lot Size 0.510 Acres

Acres 0.5112

Property Sub-Type Multi-Family

Property Description

The LAAA Team of Marcus & Millichap is pleased to present 755 E Pine St, a 19-unit garden-style community in Altadena, now offered at $5,395,000, reduced from $5,595,000. Four vacant units provide immediate lease-up upside in a supply-constrained foothill submarket directly north of Pasadena, where advertised rents run about $2,000 for one-bedroom units and $2,200 to $2,600 for two-bedrooms. The new basis equates to $283,947 per unit with a 6.30% current cap rate and a 6.74% pro forma cap rate. Repriced to $5,395,000 from $5,595,000, a new basis of $283,947 per unit and $394.31 per square foot. Four vacant units, units 3, 9, 11, and 15, provide a day-one renovation and lease-up runway. Advertised area rents of about $2,000 for one-bedroom units and $2,200 to $2,600 for two-bedrooms support mark-to-market upon renovation. $340,060 of current NOI delivers a 6.30% going-in cap rate and 10.86 GRM, with a 6.74% pro forma cap rate per the OM.

Location

State CA

County Los Angeles

Area Altadena

Zoning LCR3YY

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Flooring Wood Laminate

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Carport Detached

Garage Spaces 19.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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755 E Pine St