501 S Lake Street, Burbank, CA 91502 (MLS # SR25081751)

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PRICE $858,000 dsIDX morgage calculator
BEDS 2
BATHS 1
HOME SIZE 1,146 sqft
LOT SIZE 6,839 sqft

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!

DAYS ON MARKET 26 LAST UPDATED 6/3/2025
YEAR BUILT 1945 COMMUNITY 610 - Burbank
GARAGE SPACES 2.0 COUNTY Los Angeles
STATUS Conditional PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School McKinley
High School Burroughs


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Gas Oven, Gas Range
AREA 610 - Burbank
BASEMENT Unfinished, Yes
CONSTRUCTION Stucco
EXTERIOR Awning(s)
FIREPLACE Yes
GARAGE Yes
HEAT Floor Furnace
LOT 6839 sq ft
LOT DESCRIPTION Back Yard, Corner Lot, Front Yard
PARKING Driveway, Garage
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Bungalow
UTILITIES Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW DESCRIPTION None
WATER Public
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Listed with Equity Union

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 6/8/25 4:16 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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