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  • 755 E Pine Street

755 E Pine Street, Altadena, CA 91001

$5,395,000 Approx. USD 26 beds, 19 baths
13,682 sqft

Reduced by $200,000 on 8/4/2026
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Photo of Isaac Garrett

Isaac Garrett, 2011 Realtor of The Year REALTOR® - Broker Associate 805-729-1143 m
805-563-4051 o
805-563-0053 f
Lic#: 00464150
NRDS ID: 199500742
igarrett@bhhscal.com Text Me
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805-563-0053 f
Lic#: 00464150
NRDS ID: 199500742
igarrett@bhhscal.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053
 Santa Barbara 3868 State St
Santa Barbara, CA 93105
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Listing Agent


Filip Niculete | info@laaa.com
Lic#: 01905352
Broker: Courtesy of Marcus & Millichap
Phone: 8182122748

Co Listing Agent


Glen Scher | glen.scher@marcusmillichap.com
Lic#: 01962976
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2808

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26666319
List price is $5,395,000 Reduced by $200,000 on 8/4/2026
Price: $5,395,000
Beds: 26
Baths: 19
Built in 1958
13,682 sqft
2 stories
0.51 acres
Lot size: 0.5100
County: Los Angeles
Zoning: LCR3YY
Appliances: Refrigerator
Parking description: Detached Carport
Heating description: Wall Furnace
MLS area: 604 - Altadena

Last Updated: 8/4/2026

 Days On Market (DOM): 146

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This listing belongs to the 604 - Altadena MLS area

Lat/Long: 34.191455, -118.131991.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Isaac Garrett

Isaac Garrett, 2011 Realtor of The Year REALTOR® - Broker Associate 805-729-1143 m
805-563-4051 o
805-563-0053 f
Lic#: 00464150
NRDS ID: 199500742
igarrett@bhhscal.com Text Me
Call My Cell
Call My Office
805-563-0053 f
Lic#: 00464150
NRDS ID: 199500742
igarrett@bhhscal.com
Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
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