240 E Alameda Avenue,  Burbank CA, 91502 (Residential)

2 beds , 1 Full baths
975 sqft
Status: Backup Offers
MLS#: 316006783
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Last Updated: 12/7/2016 5:43 PM
Description for 240 E Alameda Avenue Burbank, CA 91502
Accepting back-up offers. HUGE PRICE REDUCTION! Great opportunity! Two adjacent properties in the city of Burbank, CA with about 100 FT of frontage and almost 13,000 SF combined, Zoned C-2 in the area of mixed use, back alley access; TO BE SOLD TOGEHTER ONLY, 240 E Alameda and 236 E Alameda (pls. see a separate listing for the 2nd property) Plans are ready for a 28 room motel to be submitted to the City of Burbank for review and approval; buyers to do their own investigation with the city planning. Main value is in the future use; however both houses are rented out and bring a combined gross income of $4,700.00 a month. DRIVE BY ONLY! PLEASE DO NOT GO ON THE PROPERTY AND DO NOT DISTURB TENANTS! BOTH PROPERTIES ARE SOLD AS IS!
Price
$899,000
Los Angeles
2
1 Full
975 (approx)
316006783
Backup Offers
Description
Accepting back-up offers. HUGE PRICE REDUCTION! Great opportunity! Two adjacent properties in the city of Burbank, CA with about 100 FT of frontage and almost 13,000 SF combined, Zoned C-2 in the area of mixed use, back alley access; TO BE SOLD TOGEHTER ONLY, 240 E Alameda and 236 E Alameda (pls. see a separate listing for the 2nd property) Plans are ready for a 28 room motel to be submitted to the City of Burbank for review and approval; buyers to do their own investigation with the city planning. Main value is in the future use; however both houses are rented out and bring a combined gross income of $4,700.00 a month. DRIVE BY ONLY! PLEASE DO NOT GO ON THE PROPERTY AND DO NOT DISTURB TENANTS! BOTH PROPERTIES ARE SOLD AS IS!
Listing Information
Property Type: Other, Traditional, 1 Story
2 1 Full
0.14 Acres 6,470 sq.ft. 975 (approx)
$922.05 1939
Yes- 3 spaces Yes
1 Stucco
Neighborhood
School Information
District: Burbank Unified
Room Information
Bathrooms
1
Interior Features
Laminate, Linoleum
Central Air
Forced Air
Exterior / Lot Features
3 Garage Spaces, 3 Parking Spaces, Carport
Stucco
None
BUC2*
Privacy Fence
Driving Directions
Between San Fernando and Gleanoaks
Financial Considerations
5624002029
Listing Price History

Burbank Real Estate

Burbank is located in California. Burbank, California 91502 has a population of 109,209.

The median household income in Burbank, California 91502 is $63,627. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Burbank 91502 is 37.5 years.

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Courtesy: Dilbeck Real Estate Arusyak Melkumyan
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