Property Details
About this Property
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 eleme
MLS Listing Information
MLS #
CRSR25081751
MLS Source
California Regional MLS
Days on Site
51
Interior Features
Kitchen
Other
Appliances
Other, Oven - Gas, Oven Range - Gas
Dining Room
Formal Dining Room
Family Room
Other
Fireplace
Family Room
Flooring
Laminate
Laundry
In Garage
Cooling
Window/Wall Unit
Heating
Floor Furnace
Exterior Features
Foundation
Raised
Pool
None
Style
Bungalow
Parking, School, and Other Information
Garage/Parking
Garage, Other, Garage: 2 Car(s)
Elementary District
Burbank Unified
High School District
Burbank Unified
HOA Fee
$0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
501 S Lake St is a Single Family Residence in Burbank, CA 91502. This 1,146 square foot property sits on a 6,840 Sq Ft Lot and features 2 bedrooms & 1 full bathrooms. It is currently priced at $858,000 and was built in 1945. This address can also be written as 501 S Lake St, Burbank, CA 91502.
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This listing information is up-to-date as of May 19, 2025. For the most current information, please contact Christina Pambakian
