755 E Pine Street, Altadena, CA 91001

Altadena
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
755 E Pine Street,Altadena, CA 91001
$5,395,000
  • 26 Beds
  • 19 Baths
  • 13,682 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26666319
Source:CRMLS

Price summary

  • Price:$5,395,000
  • Price per sq. ft.:$394.31

About this home

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.

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Home facts

  • Year built:1958
  • Listing ID #:26666319
  • Added:147 day(s) ago
  • Updated:August 13, 2026 at 11:08 AM

Rooms and interior

  • Bedrooms:26
  • Total bathrooms:19
  • Kitchen Description:Refrigerator
  • Living area:13,682 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1958
  • Building area:13,682 sq. ft.
  • Lot area:0.51 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$5,395,000
  • Price per sq. ft.:$394.31

Parking

  • Total parking spaces:19
  • Parking description:Detached Carport
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