501 S Lake Street, Burbank, CA 91502
- $870,000
- 2
- BD
- 1
- BA
- 1,146
- SqFt
- Sold Price
- $870,000
- List Price
- $858,000
- Closing Date
- Jun 26, 2025
- Status
- CLOSED
- MLS#
- SR25081751
- Year Built
- 1945
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 1,146
- Lot Size
- 6,840
- Acres
- 0.16
- Lot Location
- Back Yard, Corner Lot, Front Yard, Lawn, Street Level
- Days on Market
- 6
- Property Type
- Single Family Residential
- Style
- Bungalow
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
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!
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Additional Information
- Appliances
- Gas Oven, Gas Range
- Pool Description
- None
- Fireplace Description
- Family Room
- Heat
- Floor Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Stucco
- Patio
- Rear Porch
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Burbank Unified
- Elementary School
- Mckinley
- High School
- Burroughs
- Interior Features
- Separate/Formal Dining Room, Galley Kitchen
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Christina Pambakian (cp@thepambakiangroup.com) from Listing Office: Equity Union.
Listing sold by Levon Yengibaryan from Coldwell Banker Hallmark
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.