Price Reduced Listing
755 E Pine Street,Altadena, CA 91001
Altadena, CA 91001
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), per seller/owner information. Four (4) renovated units are currently available, allowing an incoming owner to lease finished product immediately rather than fund and execute a turn program from day one. 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/on-site parking. Altadena's profile is further supported by high-income demographics, with U.S. Census QuickFacts showing median household income of $128,720 (20202024, in 2024 dollars). Altadena is located in unincorporated Los Angeles County and is not subject to the City of Los Angeles RSO. The property falls under the County of Los Angeles Rent Stabilization and Tenant Protections Ordinance, which limits annual rent increases to 60% of CPI and includes just cause eviction protections. Altadena sits immediately north of Pasadena with convenient access to the Pasadena employment base, including major institutions such as Caltech and the Jet Propulsion Laboratory (JPL), as well as a broad concentration of professional services and innovation-oriented employers throughout the Pasadena corridor. The neighborhood setting also benefits from proximity to everyday retail and transit stops, and walkability indicators for the immediate area have been described as "Very Walkable" in third-party neighborhood scoring.
Details
| MLS # | 26666319 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 162 |
| Listing Provided By | Marcus & Millichap | Filip Niculete |
Features
| Bed(s) | 26 |
|---|---|
| Bath(s) | 19 |
| SQ Feet | 13,682 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 19 |
| Building(s) | 2 |
| Zoning | LCR3YY |
| Acreage | 0.51 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Refrigerator |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Detached Carport |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Altadena |
| Zip Code | 91001 |
| Area | 604 Altadena |
| Listing VS Median (in 91001) | |
Price: $5,195,000 low | high Med: $1,222,500 sqft: 13,682 low | high Med: 1,810 $ / sqft: $380 low | high Med: $723 On site: 162 low | high Med: 138.5 | |
Market Activity 91001
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Altadena |
| Zip Code | 91001 |
| Area | 604 Altadena |
| Listing VS Median (in 91001) | |
Price: $5,195,000 low | high Med: $1,222,500 sqft: 13,682 low | high Med: 1,810 $ / sqft: $380 low | high Med: $723 On site: 162 low | high Med: 138.5 | |
 | $5,150,0002629 Lake AvenueAltadena, CA 91001 |