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$870,000

  • Sold
  • Closed
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1,146 Sq. Ft.
  • 2 Car Garage
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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!

Full Property Details for 501 S Lake St

General

  • Sold For: $870,000
  • Status: Closed
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: SR25081751
  • Added to Site: 324 day(s) ago

Interior

  • Rooms/Areas: Family Room, Galley Kitchen
  • Fireplace: Yes
  • Fireplace(s): Family Room
  • Eating Areas: Dining Room
  • Appliances: Gas Oven, Gas Range
  • Flooring: Laminate, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: In Garage

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: Rear Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Driveway, Garage

Location

  • County: Los Angeles
  • Driving Directions: From 134 Freeway eastbound, exit Bob Hope, left on Bob Hope, right on Alameda, left on Lake.
  • Direction Faces: East

School Information

  • School District: Burbank Unified
  • Elementary School: MCKINL
  • High School: BURROU

Community

  • Community Features: Curbs, Sidewalks

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Floor Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Bungalow
  • Structure Type: Single Family Residence
  • Construction: Stucco
  • Foundation: Raised
  • Common Walls: No Common Walls
  • Windows: Wood Frames
  • Disability Access: No Interior Steps
  • Entry Location: 1
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,146
  • Sq. Ft. Source: Public Records
  • Year Built: 1945
  • Year Built Source: Public Records
  • Property Condition: Fixer

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.157
  • Lot Size Source: Public Records
  • Lot Description: Back Yard, Corner Lot, Front Yard, Lawn, Level with Street
  • Fencing (Description): None

Financial Considerations

  • Price Per Sq. Ft.: $759.16

Disclosures and Reports

  • Special Conditions: Probate Listing

Listed by Equity Union, Christina Pambakian
Sold by Coldwell Banker Hallmark, Levon Yengibaryan

Listing agent

— 501 S Lake St —

  • Christina Pambakian

    Equity Union

818-606-9560

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 501 S Lake St

School District:Burbank Unified School District
NameGradesDistance
William Mckinley Elementary School, Burbank, CA
349 West Valencia Avenue, Burbank, CA 91506
K-50.4 mi
Dolores Huerta Middle
420 South Mariposa Street, Burbank, CA 91506
6-80.6 mi
Burroughs High School, Burbank, CA
1920 West Clark Avenue, Burbank, CA 91506
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 S Lake St

Date
Details
Price
Change
Source
6/26/2025
Sold
$870,000
1.4%
MLS
5/13/2025
Listed
$858,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Equity Union, Christina Pambakian
Sold by Coldwell Banker Hallmark, Levon Yengibaryan

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501 S Lake Street, Burbank, CA 91502 (MLS# SR25081751) is a Single Family property that was sold at $870,000 on June 26, 2025. Want to learn more about 501 S Lake Street? Do you have questions about finding other Single Family real estate for sale in Burbank? You can browse all Burbank real estate or contact a Coldwell Banker agent to request more information.