1023 E Elmwood Avenue, Burbank, CA 91501
Single-family home · 2 recorded sales since 2016
Sold June 2026
Listing Agent: Marianna Manukyan (DRE #01960236) · Listing Office: Coldwell Banker Hallmark Realty · Contact: (818) 790-8300 · Bought with: Arno Akhverdyan · Coldwell Banker Hallmark · MLS #P1-25581 · Source: CRMLS
How this sale compares
1023 E Elmwood Avenue sold for $1,455,000 in June 2026, 5.8% over its $1,375,000 list price, after 71 days on the market. That works out to $1,417 per square foot on 1,027 square feet. Across 57 closed sales in 91501 over the last 12 months, the median sold price is $1,307,777 and the median is $675 per square foot, 52% below this sale's $1,417. 2-bedroom rentals in 91501 currently list at a median of $3,795 a month (3 listings).
| Quarter | Closed sales in 91501 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $1,357,474 |
| Q2 2026 | 25 | $1,455,000 |
| Q3 2026 | 23 | $1,030,000 |
| Q4 2026 | 5 | $915,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Burbank · Homes for sale in 91501
Description
An extraordinary opportunity begins with the land. Set on a rare and expansive 9,445 sq. ft. completely flat and fully usable lot in the coveted Burbank Hills, this property is a rare find in such a stunning location, offering exceptional space, privacy, and endless potential.The existing 2-bedroom, 1-bathroom home features a functional floor plan, a spacious living room, and good sized bedrooms, providing a comfortable foundation to enjoy now or enhance over time. However, the true value lies in the possibilities: this is an ideal canvas for those ready to put their vision into action and create a multi-story, custom dream home that fully capitalizes on the generous lot size and prime hillside setting.The property also includes a detached recreational structure, offering endless flexibility for a guest retreat, studio, gym, office space or a great opportunity to build an Accessory Dwelling Unit (ADU) - an additional source of rental income.Situated in a great neighborhood and surrounded by a peaceful, picturesque atmosphere, the property feels far away from the city's busy streets, yet remains just minutes from Burbank's finest restaurants, cafes, movie theaters, bars, shopping, malls, and top-rated schools.This is more than a home; it is a rare land opportunity, a blank canvas, with a chance to build something truly remarkable, or a lifestyle with a potential rental income in one of Burbank's most desirable neighborhoods.
Listing description from the June 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 1023 E Elmwood Avenue
921 E Elmwood Avenue: Sold $1,307,777 · 3 bd · 2 ba · 1,260 sqft · Aug 2026 · 0.1 mi
Brad Korb Real Estate Group | DRE #00698730
Buyer's agent: David Abouchian, Ashley Tizabi | DRE #01948816611 S Sunset Canyon: Sold $2,050,000 · 4 bd · 4 ba · 2,626 sqft · Sep 2026 · 0.2 mi
Arbitrage Real Estate Group | DRE #01213318
Buyer's agent: Bishara Chatih, Coldwell Banker Realty | DRE #018993821071 E Providencia: Sold $3,300,000 · 6 bd · 7 ba · 3,994 sqft · Jun 2026 · 0.2 mi
Team Rock Properties | DRE #01269617
Buyer's agent: Jerry Armen, Team Rock Properties | DRE #01269617706 S Kenneth Road: Sold $3,000,000 · 4 bd · 5 ba · 2,753 sqft · Jun 2026 · 0.2 mi
Babayan Realty Group | DRE #02042539
Buyer's agent: Anna Asatryan, Arrive Realty & Finance, Inc. | DRE #02062101820 S Kenneth: Sold $1,340,000 · 2 bd · 2 ba · 1,278 sqft · Jun 2026 · 0.3 mi
Trust and Estate Realty | DRE #01257621
Buyer's agent: Arsen Kobramasihi, Trust and Estate Realty | DRE #01257621836 E Verdugo: Sold $1,450,000 · 3 bd · 1 ba · 1,402 sqft · Jul 2026 · 0.3 mi
Compass | DRE #02160430
Buyer's agent: Tatevik Bouniatian, Compass | DRE #02160430917 E Verdugo: Sold $1,615,000 · 3 bd · 3 ba · 1,741 sqft · Jul 2026 · 0.3 mi
Ana Connell Real Estate | DRE #01802303
Buyer's agent: Nick Babayan, Babayan Realty Group | DRE #020425391042 E Tujunga: Sold $1,610,000 · 4 bd · 3 ba · 2,129 sqft · Apr 2026 · 0.3 mi
The Realestate Group | DRE #01290972
Buyer's agent: Arman Sargsyan, Pinnacle Estate Properties | DRE #02238180
Closed sales reported in 91501, nearest first, last 12 months. All recent sales in Burbank →