Contact Xavier Gomez
Schedule A Showing
501 Lake Street, Burbank, CA 91502
Priced at Only: $858,000
For more Information Call
Mobile: 714.478.6676
Address: 501 Lake Street, Burbank, CA 91502
Property Photos

Property Location and Similar Properties
- MLS#: SR25081751 ( Single Family Residence )
- Street Address: 501 Lake Street
- Viewed: 3
- Price: $858,000
- Price sqft: $749
- Waterfront: Yes
- Year Built: 1945
- Bldg sqft: 1146
- Bedrooms: 2
- Total Baths: 1
- Full Baths: 1
- Days On Market: 53
- Additional Information
- County: LOS ANGELES
- City: Burbank
- Zipcode: 91502
- District: Burbank Unified
- Elementary School: MCKINL
- High School: BURROU
- DMCA Notice
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DescriptionOpportunity 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!
Features
Accessibility Features
- No Interior Steps
Appliances
- Gas Oven
- Gas Range
Architectural Style
- Bungalow
Assessments
- Unknown
Association Fee
- 0.00
Basement
- Unfinished
Carport Spaces
- 0.00
Commoninterest
- None
Common Walls
- No Common Walls
Construction Materials
- Stucco
Cooling
- Wall/Window Unit(s)
Country
- US
Days On Market
- 11
Direction Faces
- East
Eating Area
- Dining Room
Elementary School
- MCKINL
Elementaryschool
- McKinley
Fencing
- None
Fireplace Features
- Family Room
Flooring
- Laminate
- Tile
- Wood
Foundation Details
- Raised
Garage Spaces
- 2.00
Heating
- Floor Furnace
High School
- BURROU
Highschool
- Burroughs
Laundry Features
- In Garage
Levels
- One
Living Area Source
- Public Records
Lockboxtype
- Supra
Lockboxversion
- Supra BT LE
Lot Features
- Back Yard
- Corner Lot
- Front Yard
- Lawn
- Level with Street
Parcel Number
- 2451021001
Parking Features
- Driveway
- Garage
Patio And Porch Features
- Rear Porch
Pool Features
- None
Property Type
- Single Family Residence
Property Condition
- Fixer
Road Frontage Type
- City Street
Road Surface Type
- Paved
School District
- Burbank Unified
Sewer
- Public Sewer
Spa Features
- None
Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
View
- None
Virtual Tour Url
- https://zillow.com/view-imx/d8382edc-51e6-46a9-9295-3b0f07b0bbdb?initialViewType=pano&setAttribution=mls&utm_source=dashboard&wl=1
Water Source
- Public
Window Features
- Wood Frames
Year Built
- 1945
Year Built Source
- Public Records

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com