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Sold for $870,000 on 06/26/25
  • Listing Provided by: 

    Christina Pambakian DRE #01466412 818-606-9560,

    Equity Union

    $870,000

    501 S Lake St, Burbank, CA 91502

    2beds
    1,146sqft
    Single Family Residence
    Built in 1945
    6,840 Square Feet Lot
    $867,200 Zestimate®
    $759/sqft
    $3,417 Estimated rent

    What's special

    Opportunity knocks with this rare find in one of Burbanks’s 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 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!

    Zillow last checked: 7 hours ago

    Listing updated: June 30, 2025 at 02:57pm

    Listing Provided by:

    Christina Pambakian DRE #01466412 818-606-9560,

    Equity Union

    Bought with:

    Levon Yengibaryan, DRE #01887345

    Coldwell Banker Hallmark

    Source: CRMLS,MLS#: SR25081751MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Bathroom
    • Features: Bathtub, Separate Shower, Tile Counters
    Kitchen
    • Features: Galley Kitchen
    Heating
    • Floor Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Gas Oven, Gas Range
    • Laundry: In Garage
    Features
    • Separate/Formal Dining Room, Galley Kitchen
    • Flooring: Laminate, Tile, Wood
    • Windows: Wood Frames
    • Basement: Unfinished
    • Has fireplace: Yes
    • Fireplace features: Family Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,146 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage
    • Garage spaces: 2
    Accessibility
    • Accessibility features: No Stairs
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Patio & porch: Rear Porch
    • Exterior features: Awning(s)
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 6,840 sqft
    • Features: Back Yard, Corner Lot, Front Yard, Lawn, Street Level
    Details
    • Parcel number: 2451021001
    • Special conditions: Probate Listing

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Foundation: Raised
    Condition
    • Fixer
    • New construction: No
    • Year built: 1945

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: Burbank

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Submit
    • Road surface type: Paved
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $867,200

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $867,200