CA > Burbank
Burbank, CA 91502,501 S Lake ST
Burbank, CA 91502,501 S Lake ST
Burbank, CA 91502,501 S Lake ST
Burbank, CA 91502,501 S Lake ST
Burbank, CA 91502,501 S Lake ST
Burbank, CA 91502,501 S Lake ST
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Dan Andrizzi

Dan Andrizzi

+1(805) 475-3736
$ 858,000
Est. payment | /mo

2 Beds

1 Bath

1,146 SqFt

Save Virtual Tour Video Tour
$ 858,000
Est. payment | /mo
Save Virtual Tour Video Tour

2 Beds

1 Bath

1,146 SqFt

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

Construction Status Fixer

HOA Y/N No

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

Rooms

Basement Unfinished

Main Level Bedrooms 2

Interior

Interior Features Separate/Formal Dining Room, Galley Kitchen

Heating Floor Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile, Wood

Fireplaces Type Family Room

Fireplace Yes

Appliance Gas Oven, Gas Range

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

Accessibility No Stairs

Porch Rear Porch

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Front Yard, Lawn, Street Level

Dwelling Type House

Faces East

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

New Construction No

Construction Status Fixer

Schools

Elementary Schools Mckinley

High Schools Burroughs

School District Burbank Unified

Others

Senior Community No

Tax ID 2451021001

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

California Regional MLS (CRMLS)
Listed by Christina Pambakian • Equity Union • 818-606-9560

GET MORE INFORMATION

agent
Dan Andrizzi

Broker-Associate | Lic# 01440387

+1(805) 475-3736

971 South Westlake Boulevard, Suite # 100, Village, CA

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501 S Lake ST