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.
Rare opportunity to create an exceptional family compound. Offered concurrently with the adjacent single-family residence at 541 Woodbury, these two properties together provide four detached residences on more than 34,500 square feet of land, creating an ideal setting for multigenerational living where extended family can enjoy both privacy and proximity while also benefiting from rental income and long-term investment potential. This three-unit income property offers a compelling mix of in-place income and future upside. The three standalone units are situated on a generous 19,307 SF parcel with 635 SF detached garage that could be converted to an additional rental property (buyer to verify). Overall condition ranges from good to value-add, providing investors with the opportunity to improve and reposition over time. Detailed income and expense information and floor plans are included with the listing supplementals. Properties are offered separately but intended to be sold concurrently.
Location, Location, Location! Double the Assets, Secure TWO properties for sale an incredible opportunity for savvy investors. Seller is set for a 1031 Exchange and has identified replacement properties. Maximize your portfolio growth with this rare, high-return opportunity! 2252 & 2246 Glenrose Ave for sale! This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadena’s most sought-after neighborhoods. Subject to change-R3, the property offers incredible development potential—including multi-units with additional ADUs, making it ideal for investors or builders looking to maximize long-term value. Owned by the same seller for over 38 years, the property has appreciated significantly. Conveniently located just 7 to 10 minutes from iconic landmarks such as Hahamongna Watershed Park, the Rose Bowl Stadium, the Jet Propulsion Laboratory (JPL/NASA), and quick access to the 210 Freeway, this location is a true gem. The rebuild timeline can be surprisingly efficient, as little as 12 to 18 months, for buyers with plans, insurance, and debris clearance ready. This makes it a prime candidate for a smart, strategic development project. Sold As-Is — Buyer to conduct all due diligence. Buyers are strongly encouraged to independently verify zoning, development prospects, and required remediation with Los Angeles County. Drive-by Only — Please do not enter the property, 24 hours notice.
Altadena is located in California. Altadena, California has a population of 43,384. Altadena is less family-centric than the surrounding county with 28.87% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Altadena, California is $109,743. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Altadena is 43.9 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 46.7 degrees. The average rainfall is approximately 22.5 inches per year, with 0 inches of snow per year.
