Last Updated: 10/27/2016 1:39 AM
Description for 240 E Alameda Avenue Burbank, CA 91502
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!
Exterior / Lot Features
3 Garage Spaces, 3 Parking Spaces, Storage Room, Carport
Current market conditions for 240 E Alameda Avenue
Active Market Trends
Median list price$759,777
Days on market77
Properties for sale107
Sold Market Trends
Median sold price$700,000
Sales to list price100.0%
Median sq ft price$465
Arrows indicate 90 day trend
Listing Price History for 240 E Alameda Avenue
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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