501 S Lake Street

Burbank, CA 91502

  • 2 Bed(s)
  • 1 Bath(s)
  • 1,146 Sqft
  • 6840
    Sqft(Lot)
$858,000

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!

  • Property Type

    Residential

  • County

    Los Angeles

  • Style

    Bungalow

  • AD ID

    49728907

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Exterior Property Features : Awning(s)
    • Interior Features: Separate/Formal Dining Room,Galley Kitchen
    • Windows: Wood Frames
    • Basement Description: Unfinished
    • Property Appliances: Gas Oven,Gas Range
    • Fireplace: Family Room
    • Flooring: Laminate,Tile,Wood

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Floor Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: Family Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1945
    • Construction: Stucco
    • Has Basement

    Exterior Features

    • Awning(s)

    Foundation

    • Raised

    Accessibility Features

    • No Stairs

    Pool Features

    • None

    Laundry Features

    • In Garage

    Patio And Porch

    • Rear Porch

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.157
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 6840

  • Listing Price Information

    • Original List Price: 858,000
    • Listing Contract Date: 2025-04-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2451021001

  • Garage and Parking

    • Garage Description: Driveway,Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 610 - Burbank
    • Directions: From 134 Freeway eastbound, exit Bob Hope, left on Bob Hope, right on Alameda, left on Lake.
    • Source Property Type: Residential
    • Area: 610 - Burbank
    • Property SubType: Single Family Residence

    Building and Construction

    • Property Age: 80
    • Common Walls: No Common Walls
    • Property Condition: Fixer
    • Structure Type: Single Family Residence
    • Year Built Source: Public Records
    • Total Square Feet Living: 1146
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
    • Structure Type: House
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BuyOwner last updated this listing 06/09/2025 @ 21:51

  • MLS: SR25081751
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 2 bedrooms which is recently sold, it has 1,146 sqft, 6,840 sized lot, and 2 parking. are nearby neighborhoods.