Opportunity knocks with this rare find in one of Burbanks’s most desirable and centrally located neighborhoods. This single-story charmer sits on an expansive corner lot, offering incredible potential for customization, and long-term value. Whether you''re an investor, developer, or savvy homebuyer looking to create your dream home, this property presents an exciting canvas for transformation. Situated on a generous parcel with alley access and ingress/egress from three sides, this home also features a detached garage, making it a prime candidate for an ADU and/or Junior ADU addition (City of Burbank zoning shows R3 — buyer to verify). It also offers a roomy basement for convenient storage. The layout and lot orientation provide maximum flexibility for improvement and expansion while maintaining privacy and curb appeal. Located just minutes from downtown Burbank, Magnolia Park, Warner Bros. Studios, and Disney, this property offers unparalleled access to major entertainment hubs, shopping, restaurants, and top-rated Burbank Unified schools. Commuters will also appreciate the proximity to the 5 Freeway and the Burbank Airport. This is your chance to invest in a neighborhood that continues to thrive—whether you renovate the existing structure, build new, or add income-producing elements, the possibilities are vast. Don''t miss out on this golden opportunity to unlock the full potential of this prime Burbank property!
Property Details
Price:
$858,000
MLS #:
SR25081751
Status:
Pending
Beds:
2
Baths:
1
Address:
501 S Lake Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
610burbank
City:
Burbank
Listed Date:
Apr 3, 2025
State:
CA
Finished Sq Ft:
1,146
ZIP:
91502
Lot Size:
6,840 sqft / 0.16 acres (approx)
Year Built:
1945
See this Listing
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Schools
School District:
Burbank Unified
Elementary School:
McKinley
High School:
Burroughs
Interior
Accessibility Features
No Interior Steps
Appliances
Gas Oven, Gas Range
Basement
Unfinished
Cooling
Wall/ Window Unit(s)
Fireplace Features
Family Room
Flooring
Laminate, Tile, Wood
Heating
Floor Furnace
Window Features
Wood Frames
Exterior
Community Features
Curbs, Sidewalks
Exterior Features
Awning(s)
Fencing
None
Foundation Details
Raised
Garage Spaces
2.00
Lot Features
Back Yard, Corner Lot, Front Yard, Lawn, Level with Street
Parking Features
Driveway, Garage
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address501 S Lake Street Burbank CA
- Area610 – Burbank
- CityBurbank
- CountyLos Angeles
- Zip Code91502
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501 S Lake Street
Burbank, CA
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