240 East Alameda Avenue, Burbank, CA 91502

$899,000 Approx. USD 2 beds, 1 baths
975 sqft

Agent Remarks

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 Details

Property type: Combo - Res & Com (Single Family)
Status: Backup Offer
MLS# 316006783
List price is $899,000 Reduced by $99,000 on 10/9/2016
Beds: 2
Baths: 1 (1 full)
Built in 1939
975 sqft
0.15 acres
County: Los Angeles
Property style: Traditional
Zoning: BUC2*
Parking type: Carport,Garage - Single Door (N)
Exterior features: Stucco
Appliances: Gas Or Electric Dryer Hookup
Lot description: Alley Paved,Back Yard,Fully Fenced (N)
Heating description: Forced Air,Central Furnace
MLS area: Burbank (610)

Last Updated: 11/19/2016

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This listing belongs to the Burbank (610) MLS area

The style of this listing is Traditional.
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The listing is zoned BUC2.
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Lat/Long: 34.175358, -118.298416.
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Broker: Courtesy of Dilbeck Real Estate
Listing Agent: Arusyak Melkumyan

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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