1040 Sherlock Dr Burbank, CA 91501
Hillside District Neighborhood
3
Beds
2
Baths
1,554
Sq Ft
0.54
Acres
Highlights
- Wine Cellar
- Solar Power System
- 0.54 Acre Lot
- Joaquin Miller Elementary School Rated A-
- City Lights View
- Ranch Style House
About This Home
As of May 2025Welcome 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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,897
Year Built
- Built in 1950
Lot Details
- 0.54 Acre Lot
- South Facing Home
- Chain Link Fence
- Landscaped
- Sprinkler System
- Hillside Location
- Back and Front Yard
- Property is zoned BUR1YY
Parking
- 1 Car Direct Access Garage
- 3 Open Parking Spaces
- Driveway
- On-Street Parking
Property Views
- City Lights
- Mountain
- Valley
Home Design
- Ranch Style House
- Cosmetic Repairs Needed
- Fixer Upper
- Raised Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 1,554 Sq Ft Home
- Wine Cellar
- Dining Area
- Den
- Vinyl Flooring
- Basement
Kitchen
- Oven or Range
- Microwave
- Kitchen Island
- Quartz Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- All Upper Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in Garage
- Dryer
- Washer
Eco-Friendly Details
- Solar Power System
Outdoor Features
- Open Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- Property is located within a water district
- Gas Water Heater
- Sewer in Street
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5618-016-022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2025
Closed on
May 1, 2025
Sold by
Christopher Michael John and Ramberg Jeffrey Scott
Bought by
1040 Sherlock Drive Living Trust and Christopher
Seller's Agent
Michael mersola
Keller Williams Realty Los Feliz
Buyer's Agent
Mark Reavis
Reavis Realty
List Price
$1,649,000
Sold Price
$1,591,000
Premium/Discount to List
-$58,000
-3.52%
Total Days on Market
4
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.35%
Original Mortgage
$1,352,350
Outstanding Balance
$1,351,167
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$237,004
Purchase Details
Listed on
Mar 15, 2025
Closed on
Apr 9, 2025
Sold by
Kim Sung Woong and Kim Myung Hee
Bought by
Christopher Michael John and Ramberg Jeffrey Scott
Seller's Agent
Michael mersola
Keller Williams Realty Los Feliz
Buyer's Agent
Mark Reavis
Reavis Realty
List Price
$1,649,000
Sold Price
$1,591,000
Premium/Discount to List
-$58,000
-3.52%
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,352,350
Outstanding Balance
$1,351,167
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$237,004
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Fidelity National Title | |
| Grant Deed | $1,591,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,352,350 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $540,000 | New Conventional | |
| Previous Owner | $65,000 | Credit Line Revolving | |
| Previous Owner | $55,000 | Unknown | |
| Previous Owner | $540,000 | New Conventional | |
| Previous Owner | $545,000 | Unknown | |
| Previous Owner | $499,000 | Unknown | |
| Previous Owner | $240,000 | Unknown | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | Sold | $1,591,000 | -0.3% | $1,024 / Sq Ft |
| 03/21/2025 03/21/25 | Pending | -- | -- | -- |
| 03/16/2025 03/16/25 | Price Changed | $1,595,000 | -3.3% | $1,026 / Sq Ft |
| 03/16/2025 03/16/25 | Price Changed | $1,649,000 | 0.0% | $1,061 / Sq Ft |
| 03/16/2025 03/16/25 | For Sale | $1,649,000 | -- | $1,061 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,897 | $325,827 | $227,886 | $97,941 |
| 2023 | $3,858 | $319,439 | $223,418 | $96,021 |
| 2022 | $3,689 | $313,177 | $219,038 | $94,139 |
| 2021 | $3,669 | $307,038 | $214,744 | $92,294 |
| 2019 | $3,527 | $297,933 | $208,376 | $89,557 |
| 2018 | $3,407 | $292,092 | $204,291 | $87,801 |
| 2016 | $3,226 | $280,752 | $196,359 | $84,393 |
| 2015 | $3,163 | $276,536 | $193,410 | $83,126 |
| 2014 | $3,171 | $271,120 | $189,622 | $81,498 |
Source: Public Records
Source: The MLS
MLS Number: 25510763
APN: 5618-016-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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