Burbank, CA 91502,501 S Lake Street
Burbank, CA 91502,501 S Lake Street
Burbank, CA 91502,501 S Lake Street
Burbank, CA 91502,501 S Lake Street
Burbank, CA 91502,501 S Lake Street
Burbank, CA 91502,501 S Lake Street
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$870,000

$858,000

1.4%
Est.Price: ?

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Est. payment /mo

2 Beds

1 Bath

1,146 SqFt


SOLD DATE : 06/26/2025

Key Details

Sold Price $870,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,146 sqft

Price per Sqft $759

MLS Listing ID SR25081751

Sold Date 06/26/25

Style Craftsman/Bungalow

Bedrooms 2

Full Baths 1

Year Built 1945

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!

Location

State CA

County Los Angeles

Direction From 134 Freeway eastbound, exit Bob Hope, left on Bob Hope, right on Alameda, left on Lake.

Interior

Heating Floor Furnace

Cooling Wall/Window

Flooring Laminate, Tile, Wood

Fireplaces Type FP in Family Room

Fireplace No

Appliance Gas Oven, Gas Range

Exterior

Parking Features Garage

Garage Spaces 2.0

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

View Y/N Yes

Water Access Desc Public

Accessibility No Interior Steps

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Tax ID 2451021001

Special Listing Condition Probate Sbjct to Overbid

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MLS Router / San Diego MLS
Listed by Christina Pambakian Equity Union
Bought with Levon Yengibaryan Coldwell Banker Hallmark
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robyn@robynflint.com

Scripps Ranch, 92131, United States

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