Description
755 East Pine Street is a 19-unit, low-rise workforce housing community ideally situated on a 0.51-acre parcel in Altadena’s Foothill submarket. Constructed in 1958 and fully modernized over time, the property delivers 13,682 rentable square feet of living space with an average unit size of 720 square feet. Residents enjoy well-maintained communal outdoor areas and ample surface parking, while the building’s 97% occupancy underscores strong demand in this stable, family-oriented neighborhood.
Offered at $5,595,000 ($408.93 per square foot), the asset currently produces $322,419 of in-place...
Documents
Sale Details
- Cap Rate5.76%
- NOI$322,419
- Return-on-Cost6.21%
- Stabilized Cap Rate5.94%
- Stabilized NOI$332,205
- In-Place Cap Rate5.76%
- In-Place NOI$322,419
- GRM10.99
- Potential GRM10.77
- Cash-on-Cash4.19%
- In-Place Rents2,233
- Market Rents2,279
- Rents Below Market2.0%
Documents
Property Address
Property Details
- Total Acres1
- Property TypeMultifamily
- Total Units19
- Available Units11
- Occupancy97%
- Average Unit Size720 SF
- Average Rent2,233 $/mo
- Year Built1958
Property Details
- Total Acres1
- Property TypeMultifamily
- Total Units19
- Available Units11
- Occupancy97%
- Average Unit Size720 SF
- Average Rent2,233 $/mo
- Year Built1958











Deal Team

Description
755 East Pine Street is a 19-unit, low-rise workforce housing community ideally situated on a 0.51-acre parcel in Altadena’s Foothill submarket. Constructed in 1958 and fully modernized over time, the property delivers 13,682 rentable square feet of living space with an average unit size of 720 square feet. Residents enjoy well-maintained communal outdoor areas and ample surface parking, while the building’s 97% occupancy underscores strong demand in this stable, family-oriented neighborhood.
Offered at $5,595,000 ($408.93 per square foot), the asset currently produces $322,419 of in-place...
Documents
Sale Details
- Cap Rate5.76%
- NOI$322,419
- Return-on-Cost6.21%
- Stabilized Cap Rate5.94%
- Stabilized NOI$332,205
- In-Place Cap Rate5.76%
- In-Place NOI$322,419
- GRM10.99
- Potential GRM10.77
- Cash-on-Cash4.19%
- In-Place Rents2,233
- Market Rents2,279
- Rents Below Market2.0%
Documents
Property Address
Property Details
- Total Acres1
- Property TypeMultifamily
- Total Units19
- Available Units11
- Occupancy97%
- Average Unit Size720 SF
- Average Rent2,233 $/mo
- Year Built1958
Property Details
- Total Acres1
- Property TypeMultifamily
- Total Units19
- Available Units11
- Occupancy97%
- Average Unit Size720 SF
- Average Rent2,233 $/mo
- Year Built1958
Deal Team

