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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 agent: Michael Mersola DRE #01503186 michael@mersolarealestate.com, Listing office: Keller Williams Realty Los Feliz
MLS data updated 10/25/2026, 2:37:27 AM PT
Source: CRMLS, MLS #: 25510763
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
May 5, 2025
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,591,000Closed sale · May 5, 2025ZIP 91501 · May 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.