15050 Sherman Way 139, Van Nuys, California 91405, Van Nuys, 91405 - 2 bed, 2 bath
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Van Nuys, California 91405
This Spacious Traditional Condominium is a Strong Value Opportunity, listed at $485,000—positioned well below the $509,689 Fair Market Value by 4%. This valuation gap provides $24,689 in Instant Equity for buyers. Boasting a Condition Rating of 3, the 1,309 sqft interior features high ceilings, wood flooring, and two private patios. Residents enjoy resort-style amenities including a pool, spa, and fitness center within an FHA-approved community. Located near the top-rated Kester Avenue Elementary (9/10), this is an ideal acquisition for Owner-Occupants or first-time buyers seeking a value-driven lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15050 Sherman Way 139 Subject | $485,000* List Price | 2 | 2 | 1,309 | $389 | - |
A 7301 Lennox Sold | $410,000 | 2 | 2 | 1,079 | $380 | 0.9 mi |
B 15015 Sherman Way 314 Sold | $370,000 | 2 | 2 | 1,004 | $369 | 0.1 mi |
C 7301 Lennox Sold | $415,000 | 2 | 2 | 1,062 | $391 | 0.9 mi |
D 15050 Sherman Way 166 Pending | $579,000 List Price | 2 | 2 | 1,396 | $415 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring significant updates such as stainless steel kitchen appliances and modern wood-style laminate flooring. While the 1981 construction is evident in the dated stone fireplace and popcorn ceilings, the unit does not require immediate renovation and the major systems appear functional and within their expected lifespan.
Elementary School: Kester Avenue Elementary School (9/10).
At 1,309 square feet, this unit offers a notably spacious floor plan featuring high ceilings, wood flooring, and a fireplace, providing a more open and airy feel than typical condominiums.
The complex is FHA-approved, which significantly broadens the buyer pool by allowing for low-down-payment financing options in a market where such approvals are highly sought after.
The monthly HOA fee of $504 is relatively high for the area and price point, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
While there are some higher-rated options in the wider area, several of the immediate neighborhood schools carry lower ratings, which could be a concern for families with school-aged children.
Welcome to Park Wood unit #139, a well-maintained 2 bed, 2 bath condominium nestled in a quiet, private location in Van Nuys Ca. This cozy unit features warm wood floors, high ceilings, and a spacious living room with a fireplace. The functional floor plan has a dining area and 2 private patios--perfect for relaxing or enjoying a peaceful morning. The kitchen offers ample cabinet space and nearby in-unit laundry area. The Community amenities include a pool, spas, sauna, fitness room, and clubhouse. Gated parking and well-kept grounds complete this offering. FHA-APPROVED COMMUNITY!.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,309 | 1,079 | 82% |
| Lot Size | 142,506 | 48,220.922 | 71% |
| Price | $485.0K | $465.0K | 76% |
| Price per sq ft | $371 | $422 | 18% |
| Built year | 1981 | 1981 | 50% |
| HOA | $504.0 | $432 | 76% |
| Days on market | 9 | 195 | 6% |
Apr 13, 2026
$485,000
Initial Listing
Dec 12, 2019
$417,000
Public Record