15051 Sherman, Van Nuys, California 91405, Van Nuys, 91405 - 2 bed, 2 bath
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Van Nuys, California 91405
This Value-Add Renovation Project is listed at $450,000, currently holding a Poor Condition Rating as a full-gut opportunity. While the current valuation is $375,901, the 1,365 sq. ft. end-unit provides a significant platform for forced appreciation in the Kimberly Woods community. The layout includes two primary suites and a bonus room, complemented by a 40-foot pool and spa. Located within the Los Angeles Unified district near 9/10 rated Kester Avenue Elementary, this property is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to unlock value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15051 Sherman Subject | $450,000* List Price | 2 | 2 | 1,365 | $276 | - |
A 15155 Sherman Way 26 Sold | $420,000 | 2 | 2 | 1,035 | $406 | 0.1 mi |
B 15015 Sherman Way 314 Sold | $370,000 | 2 | 2 | 1,004 | $369 | 0.1 mi |
C 7300 Lennox J5 Active | $409,000 List Price | 2 | 2 | 971 | $421 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property, built in 1980, is explicitly marketed as needing a 'full renovation project' and to be 'gutted.' Images confirm this with severely outdated kitchens (original cabinets, tile countertops, dated lighting, mixed appliances) and bathrooms (old vanities, fixtures, shower doors, and carpeted floors). The overall interior features worn carpets and popcorn ceilings, indicating no significant updates in decades. This condition requires substantial repairs and rehabilitation, aligning with a 'poor' rating.
Elementary School: Kester Avenue Elementary School (9/10).
The property is explicitly marketed as a 'full renovation project' with 'excellent potential' for investors or buyers looking to 'unlock real value' in a desirable community, indicating a strong opportunity for equity growth.
Residents benefit from a 40-foot pool, spa, sauna, and two parks within the complex, enhancing lifestyle and community appeal. The complex is also pet-friendly.
The property 'needs to be gutted' and is described as a 'full renovation project,' implying significant capital investment, time, and effort will be required from the buyer.
The sale is 'subject to bankruptcy court approval,' which can lead to extended timelines, potential complications, and uncertainty in the transaction process.
Given the need for a full renovation, the property is effectively sold in 'as-is' condition, meaning the buyer assumes all responsibility for repairs, upgrades, and any unforeseen issues.
Investors Wanted! This end-unit townhome in the highly desirable Kimberly Woods community is the perfect opportunity for anyone looking for a full renovation project. The home needs to be gutted, but offers excellent potential for the right buyer. You may be able to salvage the kitchen cabinets—beyond that, bring your vision and creativity. Nestled among mature trees, this spacious 3-level townhome features 1,365 sq. ft. of living space with an attached 2-car garage and a separate laundry room. The main level offers an open-concept floor plan with high ceilings, a cozy living room with a fireplace, dining area, kitchen, and half bath. Upstairs, you’ll find two primary suites—each with generous bedroom space and its own full bathroom. A bonus room on the garage level provides flexibility for a potential third bedroom, home office, or studio. Enjoy community amenities including a 40-foot pool, spa, sauna, and two parks. The complex is pet-friendly and ideally located—just a short stroll to coffee shops, restaurants, groceries, banks, and more. This property is priced to sell and ready for someone excited to bring it back to life. Whether you’re an investor or buyer looking for a project, this is a rare chance to unlock real value in an excellent location. Subject to bankruptcy court approval.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 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 | 1,365 | 1,070.5 | 89% |
| Lot Size | 155,589 | 80,189 | 78% |
| Price | $450.0K | $435.0K | 50% |
| Price per sq ft | $330 | $420 | 6% |
| Built year | 1980 | 1980 | 50% |
| HOA | $420.0 | $455 | 33% |
| Days on market | 194 | 137 | 61% |
Mar 3, 2026
$450,000
$480,000
-6% Price Drop
Initial Listing
Dec 19, 2025
$480,000
$495,000
-3% Price Drop
Initial Listing
Nov 24, 2025
$495,000
Initial Listing
Feb 18, 2010
$176,500
Public Record
Sep 30, 2005
$380,000
Public Record
Oct 28, 2003
$260,000
Public Record
Jun 30, 1998
$98,500
Public Record