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501 S Lake Street, 
Burbank, CA 91502

$858,000


2

Beds


1

Bath


1,146

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Christina Pambakian

Equity Union

Last updated:

May 15, 2025, 09:11 PM

MLS#

CRSR25081751

Source:

CAMAXMLS

About This Home

501 S Lake Street

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 e

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1945

Price Summary

858,000

$748 per Sq. Ft.

MLS #:

CRSR25081751

Last Updated:

May 15, 2025, 09:11 PM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,146 Sq. Ft.


Structure

Structure

Architectural Style:

Bungalow

Building Area:

1,146 Sq. Ft.

Year Built:

1945


Lot

Lot Size (Sq. Ft):

6,840


Finances & Disclosures

Finances

Price:

$858,000

Price per Sq. Ft:

$748 per Sq. Ft.

MLS Logo
Bay East 2025. CCAR 2025 bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at May 15, 2025

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