3
Bedrooms
Sold for $1,591,000 · May 2025
SOLDListed at $1,595,000
Burbank, CA
MLS# 25510763
Michael Mersola
Listing Agent
Keller Williams Realty Los Feliz
DRE #: 01503186
Brokerage: Keller Williams Realty Los Feliz
3
Bedrooms
2
Bathrooms
1,554 sqft
Square Feet
1950
Year Built
0.54 acres
Lot Size
$1,024
Price/Sq Ft
1
Garage Spaces
N/A
HOA
Single Family Home
Property Type
Welcome to 1040 Sherlock Drive, where a rare opportunity awaits to own one of the best lots and development prospects in Burbank or Glendale. Set against the tranquil backdrop of the Verdugo Mountains, this charming 50's ranch-style home is ideal for anyone seeking a cosmetic fixer-upper or for a seasoned developer ready to transform this property into something truly extraordinary for the market.Here are some key details about the home: it features 3 bedrooms and 2 bathrooms across 1554 sqft. The property is equipped with central air and heat, along with mini splits in each room for personalized comfort. Additionally, the owner has installed solar panels, which are fully paid for, ensuring the next homeowner enjoys reduced utility costs this summer. The kitchen has seen recent updates, while the bathrooms could use some modernization; otherwise, the home is move-in ready.The potential of this property is remarkable, especially with the possibility of developing a 24,000 sqft lot that boasts breathtaking jetliner views. This is a unique chance to own one of Burbank's premier properties, located above Sunset Canyon and Mountain Street in the beautiful Verdugo Foothills. The neighborhood is iconic, serene, and picturesque, making it a wonderful opportunity to make this part of town your home. Truly, it's a gem!
Listing description from the May 2025 sale, as reported to CRMLS.
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1 recorded sale
1040 Sherlock Drive sold for $1,591,000 in May 2025, 0.3% under its $1,595,000 list price, after 9 days on the market. It was first listed at $1,649,000. That works out to $1,024 per square foot on 1,554 square feet. Across 60 closed sales in 91501 over the last 12 months, the median sold price is $1,323,889 and the median is $662 per square foot, 35% below this sale's $1,024. 3-bedroom rentals in 91501 currently list at a median of $4,500 a month (5 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 | 8 | $1,287,500 |
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
Closed sales reported in 91501, nearest first, last 12 months. All recent sales in Burbank →
1040 Sherlock Drive
Contact Michael Mersola
Contact via Nalren messaging
Contact Listing Agent
Keller Williams Realty Los Feliz
DRE #01503186
Contact information is not available for this listing.