
Van Nuys, California 91411
This Condominium represents a Strong Value Opportunity, listed at $422,000—positioned well below the $423,906 Fair Market Value by 0.45%. This property offers $1,906 in Instant Equity. With a Condition Rating of 4, the unit features a flexible den and top-floor privacy, though it invites modernization to maximize long-term appreciation. Located near Sylvan Park Elementary, this home balances central Valley convenience with a functional layout, making it an ideal acquisition for first-time buyers or value-focused investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15030 Victory 201 Subject | $422,000* List Price | 2 | 2 | 1,050 | $404 | - |
A 15053 Victory Boulevard 5 Sold | $490,000 | 2 | 3 | 1,120 | $438 | 0.1 mi |
B 14980 Victory Boulevard 201 Active Under Contract | $435,000 List Price | 2 | 2 | 1,093 | $398 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the property is over 45 years old and shows as dated. While it features some cosmetic updates like laminate flooring and painted kitchen cabinets, the kitchen retains older countertops and a mix of aged appliances. The overall condition is functional and move-in ready, but it requires modernization of the kitchen, bathrooms, and likely older systems to meet contemporary standards.
The unit features a versatile den with a wet bar currently utilized as a second bedroom, providing the utility of a two-bedroom home within a spacious 1,050 square foot layout.
Positioned on the top floor of The Colonies, this condo offers enhanced privacy, no upstairs neighbors, and a private balcony with pleasant treeline views.
The property includes highly sought-after features such as central air and heat along with inside laundry facilities, ensuring modern comfort and convenience often missing in older complexes.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The monthly HOA fee of $580 is relatively high for the price point, which may impact the overall monthly affordability and debt-to-income ratios for potential buyers.
Despite its functional use as a two-bedroom, the property is officially recorded as a one-bedroom unit, which could affect future resale value and specific financing appraisals.
Set on the top floor of The Colonies in Van Nuys, this inviting condo offers a comfortable, flexible layout with one recorded bedroom plus den with a wet bar, that would make a great home office, guest room, creative space or den - currently utilized as a guest room. The primary bedroom features an ensuite bath, and the home includes two bathrooms, central air and heat, inside laundry, and a mix of laminate and tile flooring throughout. The living room features a decorative fireplace and opens to a private balcony with a pleasant treeline view, creating a relaxing spot to enjoy some fresh air. A dining area connects the living room to the kitchen, where painted brick walls add character alongside a gas stove, dishwasher, refrigerator and wood-look tile flooring. The Colonies offers lush, well-maintained landscaping along with a community pool and spa, barbecue area and inviting outdoor spaces. Conveniently located near Sherman Oaks, Valley Glen and Burbank, the home offers easy access to dining, parks, studios, shopping and nearby freeways, a great combination of comfortable living and central Valley convenience.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,050 | 1,084.667 |
| Lot Size | 66,301 | 97,215.167 |
| Price | $422.0K | $435.9K |
| Price per sq ft | $402 | $423 |
| Built year | 1977 | 1980 |
| HOA | $580.0 | $510 |
| Days on market | 7 | 75 |
Sep 2, 2026
$422,000
Initial Listing