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Value Add Opportunity 755-757 E Pine St Immeuble residentiel 19 lots 4 473 207 € (235 432 €/Lot) Taux de capitalisation 6,94 % Altadena, CA 91001
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 19-Unit Value-Add Opportunity Well-scaled multifamily asset featuring 19 units on a ±0.51-acre parcel in a supply-constrained Altadena submarket.
- Attractive Unit Mix for Workforce Housing Efficient mix of studios, 1BR, and 2BR units appeals to a broad renter base and supports long-term occupancy
- Desirable Altadena Location Positioned in a high-demand foothill community adjacent to Pasadena, known for strong demographics and limited new supply.
- Significant Vacancy = Immediate Upside Ten (10) vacant units provide a rare opportunity to renovate and lease without tenant displacement risk.
- Value-Add Renovation Play Clear path to increase NOI through interior upgrades, operational improvements, and strategic lease-up.
- Proximity to Major Employment Hubs Minutes from key employers including Caltech, Jet Propulsion Laboratory (JPL), and the broader Pasadena.
Résumé analytique
The LAAA Team of Marcus & Millichap is 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 (2020–2024, 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.
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 (2020–2024, 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.
Informations sur l’immeuble
| Prix | 4 473 207 € | Style d’appartement | De faible hauteur |
| Prix par lot | 235 432 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,21 ha |
| Taux de capitalisation | 6,94 % | Surface de l’immeuble | 1 271 m² |
| Multiplicateur du loyer brut | 10.35 | Occupation moyenne | 90% |
| Nb de lots | 19 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1958/1962 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,13/1 000 m² |
| Zonage | LCR3YY - Multiple Residential | ||
| Prix | 4 473 207 € |
| Prix par lot | 235 432 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,94 % |
| Multiplicateur du loyer brut | 10.35 |
| Nb de lots | 19 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,21 ha |
| Surface de l’immeuble | 1 271 m² |
| Occupation moyenne | 90% |
| Nb d’étages | 2 |
| Année de construction/rénovation | 1958/1962 |
| Ratio de stationnement | 0,13/1 000 m² |
| Zonage | LCR3YY - Multiple Residential |
Caractéristiques
Caractéristiques du lot
- Espace d’entreposage
- Cuisine
Caractéristiques du site
- Laverie
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 10 | - | 70 |
| 2+1 | 7 | - | 86 |
| Studios | 2 | - | 40 |
1 1
Assez praticable à pied
50/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt praticable en vélo
50/100
Taxes foncières
| Numéro de parcelle | 5841-030-021 | Évaluation des aménagements | 1 299 551 € |
| Évaluation du terrain | 2 079 411 € | Évaluation totale | 3 378 962 € |
Taxes foncières
Numéro de parcelle
5841-030-021
Évaluation du terrain
2 079 411 €
Évaluation des aménagements
1 299 551 €
Évaluation totale
3 378 962 €
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Vidéos
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Value Add Opportunity | 755-757 E Pine St
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