501 S Lake Street Active Save Request In-Person Tour Request Virtual Tour
Burbank,CA 91502
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,146 sqft
Price per Sqft $748
MLS Listing ID SR25081751
Style Detached
Bedrooms 2
Full Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1945
Lot Size 6,840 Sqft
Acres 0.157
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 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 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 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 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
Appliance 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
Total Parking Spaces 2
Building
Lot Description Corner Lot,Curbs,Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Architectural Style Craftsman/Bungalow
Level or Stories 1 Story
Construction Status Fixer
Others
Acceptable Financing Cash,Cash To New Loan,Submit
Listing Terms Cash,Cash To New Loan,Submit
Special Listing Condition Probate Sbjct to Overbid
Virtual Tour https://zillow.com/view-imx/d8382edc-51e6-46a9-9295-3b0f07b0bbdb?initialViewType=pano&setAttribution=mls&utm_source=dashboard&wl=1