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1040 Sherlock Dr, Burbank, CA 91501

Sale Price: $1,591,000
Mar 15, 20251,554 sqft3 beds2 baths
Listed by: Michael Mersola
License #: 01503186
Phone #: 818-631-5636
Keller Williams Realty Los Feliz
Source:
CRMLS Logo
MLS #: 25510763

Property Description

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!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$21,129

TurboHome Estimated Value

$1,501,800

$966 sqft

High Valuation
$1,576,890
$1015/sqft
Normal Valuation
$1,501,800
$966/sqft
Low Valuation
$1,426,710
$918/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$966/sqft$1,501,800

Neighborhood

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Comparative Value

$1.30M

$1.36M

$1.59M

$1.59M

1425 Linden Ave, Glendale, CA 91201

Sale Price: $1,300,000

Selected Comparable

1074 E Elmwood Ave, Burbank, CA 91501

Sale Price: $1,305,000

Selected Comparable

1425 Thompson Ave, Glendale, CA 91201

Sale Price: $1,360,000

Selected Comparable

1040 Sherlock Dr, Burbank, CA 91501

Sale Price: $1,591,000

Selected Comparable

1040 Sherlock Dr, Burbank, CA 91501

List Price: $1,595,000

Subject Property

1300 Paseo Redondo, Burbank, CA 91501

Sale Price: $1,595,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1040 Sherlock Dr, Burbank, CA 91501

1040 Sherlock Dr, Burbank, CA 91501

List: $1,595,000

Listed: 3/15/2025

Area:1,554 sqft
Price/sqft:$1,026
Beds:3
Baths:2
Year Built:
Lot Size:23,597

Comparable Properties

COMPARABLE
Choose comps
1040 Sherlock Dr, Burbank, CA 91501

1040 Sherlock Dr, Burbank, CA 91501

Sale: $1,591,000

5/5/20250.00 mi

Area:1,554 sqft
Price/sqft:$1,024
Beds:3
Baths:2
Year Built:
Weight:22.9%
1425 Linden Ave, Glendale, CA 91201

1425 Linden Ave, Glendale, CA 91201

Sale: $1,300,000

6/13/20250.33 mi

Area:1,478 sqft
Price/sqft:$880
Beds:3
Baths:2
Year Built:
Weight:21.4%
1425 Thompson Ave, Glendale, CA 91201

1425 Thompson Ave, Glendale, CA 91201

Sale: $1,360,000

5/8/20250.44 mi

Area:1,353 sqft
Price/sqft:$1,005
Beds:3
Baths:2
Year Built:
Weight:19.8%
1300 Paseo Redondo, Burbank, CA 91501

1300 Paseo Redondo, Burbank, CA 91501

Sale: $1,595,000

1/7/20250.18 mi

Area:1,821 sqft
Price/sqft:$876
Beds:3
Baths:2
Year Built:
Weight:18.9%
1074 E Elmwood Ave, Burbank, CA 91501

1074 E Elmwood Ave, Burbank, CA 91501

Sale: $1,305,000

3/28/20250.36 mi

Area:1,329 sqft
Price/sqft:$982
Beds:3
Baths:1
Year Built:
Weight:16.9%

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