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501 S Lake Street Burbank, CA 91502
$858,000 2 beds, 1 baths
1, 146 sqft
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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Agent Remarks

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!

Listing Details

Trust & Probate
Property type: Single Family Residence (Single Family)
Status: Active Under Contract
MLS# SR25081751
List price is $858,000
HOA Fee is $0.00
Beds: 2
Baths: 1 (1 full)
Family Room fireplaces
Built in 1945
1,146 sqft
1 story
0.16 acres
Lot size: 0.1570
County: Los Angeles
Property style: Bungalow
Construction: Stucco
Interior features: Separate/Formal Dining Room,Galley Kitchen
Exterior features: Awning(s)
Appliances: Gas Oven,Gas Range
Parking description: Driveway,Garage
Lot description: Back Yard,Corner Lot,Front Yard,Lawn,Street Level
Heating/cooling: Wall/Window Unit(s)
Heating description: Floor Furnace
MLS area: 610 - Burbank

Last Updated: 5/24/2025

 Find more Burbank homes and real estate

 Find more homes in 91502 zip code

This listing belongs to the 610 - Burbank MLS area

The style of this listing is Bungalow.
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Lat/Long: 34.172385, -118.310434.
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Listing Agent: Christina Pambakian
Lic#: 01801928
Office Name: Sherman Oaks

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com

Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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