501 S Lake ST Open House Save Request In-Person Tour Request Virtual Tour
Burbank,CA 91502
OPEN HOUSE
Thu May 15, 10:00am - 12:00pm Sat May 17, 1:00pm - 3:00pm Sun May 18, 1:00pm - 3:00pm
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,146 sqft
Price per Sqft $748
MLS Listing ID SR25081751
Bedrooms 2
Full Baths 1
Year Built 1945
Lot Size 6,838 Sqft
Property Sub-Type Single Family Residence
Property Description
Opportunity knocks with this rare find in one of Burbanks's most desirable and centrally located neighborhoods. This single-story fixer 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!
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Heating Floor Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate,Tile,Wood
Fireplaces Type Family Room
Laundry In Garage
Exterior
Exterior Feature Awning(s)
Parking Features Driveway,Garage
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool None
Community Features Curbs,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Building
Lot Description Back Yard,Corner Lot,Front Yard,Lawn,Street Level
Dwelling Type House
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Mckinley
High Schools Burroughs
School District Burbank Unified
Others
Acceptable Financing Cash,Cash to New Loan,Submit
Listing Terms Cash,Cash to New Loan,Submit
Special Listing Condition Probate Listing
Virtual Tour https://zillow.com/view-imx/d8382edc-51e6-46a9-9295-3b0f07b0bbdb?initialViewType=pano&setAttribution=mls&utm_source=dashboard&wl=1