Rare opportunity for investors, developers or savvy home buyers awaits in Burbank! Situated near Magnolia Park, this home sits on a 10,000+ square foot lot, with R3 zoning, offering plenty of room for expansion. Whether you are looking to create your dream multi-family home or maximize rental income, this property is full of potential. The main home is a 2-bedroom 1.5 bath house. Features include original hardwood floors, a step-down living room, nest thermostat, newer roof, plus central air and heat. There is a pantry and half bathroom off of the kitchen, which leads to an enclosed utility room/service porch. The expansive backyard has a covered porch for outdoor dining and includes a separate 1 bedroom 1 bath structure that needs to be re-imagined. There is a 2-car attached garage, with an additional storage room. The massive backyard has numerous fruit trees including lemon, plum, cherry and white guava, all anchored by a beautiful large avocado tree. There are 2 additional sheds, offering plenty of storge. The home will require some repairs, sweat equity and TLC, but the possibilities are vast; renovate, build new, or add an ADU and/or Junior ADU addition. This prime location is in the top-rated Burbank Unified school district, and is just minutes from downtown Burbank, Warner Bros. Studios, Disney, Griffith Park and the Smoke House, plus easy access to the 5 Freeway and the Burbank Airport.