14239 Sherman Way 3, Van Nuys, California 91405, Van Nuys, 91405 - 2 bed, 3 bath
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14239 Sherman Way 3
Van Nuys, California 91405
ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,560Sq Ft
17,329Lot Size
Property Price
LIST PRICE$549,500
EST. MARKET VALUE
$588,920
6% BelowMARKET VALUE
SUMMARY
This Spacious Condominium represents a Strong Value Opportunity, listed at $549,500—positioned well below the $588,920 Fair Market Value by 6%. This valuation gap provides $39,420 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers modern updates like Granite Countertops and Direct Access Parking. While local school ratings vary, the property’s generous 1,560 sqft footprint and private patio offer significant lifestyle appeal. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready home.
Estimated Market Value
$588,920+$39,420 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Van Nuys.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14239 Sherman Way 3 Subject | $549,500* List Price | 2 | 3 | 1,560 | $378 | - |
A 7301 Lennox Avenue E09 Sold | $430,000 | 2 | 2 | 971 | $443 | 0.2 mi |
B 13941 Sherman Way Boulevard Sold | $500,000 | 2 | 2 | 1,170 | $427 | 0.4 mi |
C 7301 Lennox A1 Sold | $420,000 | 2 | 2 | 1,098 | $383 | 0.2 mi |
D 13903 Sherman Way 7 Sold | $465,000 | 2 | 2 | 1,113 | $418 | 0.4 mi |
E 7301 Lennox Sold | $410,000 | 2 | 2 | 1,079 | $380 | 0.2 mi |
F 7300 Lennox Active | $430,000 List Price | 2 | 2 | 971 | $443 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1980, the property has undergone significant renovations likely within the 5-15 year range. Updates include granite countertops, shaker-style bathroom vanities, recessed lighting, and modern wood-look flooring. The unit is well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Generous Living Space
At 1,560 square feet, this condo offers a significantly larger footprint than typical two-bedroom units in the area, providing a spacious open-concept living area and large bedrooms.
- Direct Access Parking
The property features rare direct access from the parking garage into the unit, offering residents enhanced security, privacy, and convenience.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $465 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
- Low Local School Ratings
The immediate elementary schools serving the address have low performance ratings (as low as 1/10), which may deter families prioritizing public education quality.
About 14239 Sherman Way 3
Beautifully maintained condo located in the heart of Van Nuys featuring 2 bedrooms and 2.5 bathrooms, with direct access to the unit from the parking garage for added convenience. The spacious living room offers a cozy fireplace and flows seamlessly into the adjacent dining area. The kitchen is equipped with granite countertops, ample cabinetry, and a charming nook area perfect for casual dining. A convenient half bath is located on the main floor for guests. Upstairs, you’ll find a generously sized primary suite complete with a large closet and a private en-suite bathroom. The additional bedroom is bright and spacious, with its own full bathroom nearby. A dedicated laundry area is located inside the unit for convenience. Enjoy a private patio area ideal for relaxing or entertaining. Conveniently situated close to shopping centers, restaurants, and everyday amenities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 17,329 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $465.0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Hazeltine Avenue Elementary School
Grades K-5 • 0.2 mi
5/10
Andres And Maria Cardenas Elementary School
Grades K-5 • 0.4 mi
1/10
Andres And Maria Cardenas Elementary School
Grades K-5 • 0.4 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,560 | 1,084.667 |
| Lot Size | 17,329 | 97,215.167 |
| Price | $549.5K | $435.9K |
| Price per sq ft | $352 | $423 |
| Built year | 1980 | 1980 |
| HOA | $465.0 | $510 |
| Days on market | 19 | 75 |
Pricing History
Listed for Sale
Aug 21, 2026
$549,500
Initial Listing
Sold
May 1, 2013
$230,000
Public Record
Sold
Jun 1, 2010
$185,000
Public Record