Burbank, CA 91502,501 S Lake Street
Burbank, CA 91502,501 S Lake Street
Burbank, CA 91502,501 S Lake Street
7
$870,000
$858,000
1.4%
Est.Price: ?

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2 BD
1 BA
1,146 SqFt

501 S Lake Street Burbank, CA 91502

Est. payment /mo
SOLD DATE : 06/26/2025

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Key Details

Sold Price $870,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,146 sqft

Price per Sqft $759

MLS Listing ID SR25081751

Style Detached

Bedrooms 2

Full Baths 1

Year Built 1945

Lot Size 6,840 Sqft

Property Sub-Type Detached

Property Description

Opportunity knocks with this rare find in one of Burbankss 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 thrivewhether 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!
Opportunity knocks with this rare find in one of Burbankss 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 thrivewhether 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 Burbank (91502)

Interior

Cooling Wall/Window

Flooring Laminate, Tile, Wood

Fireplaces Type FP in Family Room

Equipment Gas Oven, Gas Range

Laundry Garage

Exterior

Exterior Feature Stucco

Parking Features Garage

Garage Spaces 2.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Lot Description Corner Lot, Curbs, Sidewalks

Story 1

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Cash To New Loan, Submit

Listing Terms Cash, Cash To New Loan, Submit

Special Listing Condition Probate Sbjct to Overbid

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San Diego Regional MLS (SDMLS)
Listed by Christina Pambakian • Equity Union
Bought with Levon Yengibaryan • Coldwell Banker Hallmark

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agent

Lisa Barr

Broker Associate | License ID: 01440336

+1(858) 218-5025

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