15051 Sherman, Van Nuys, California 91405, Van Nuys, 91405 - 2 bed, 2 bath

15051 Sherman
Van Nuys, California 91405
Property Price
SUMMARY
Analysis of 15051 Sherman, Van Nuys, California 91405 is currently available with a list price of $450,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Van Nuys Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
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 Images confirm this with severely outdated kitchens (original cabinets, tile countertops, dated lighting, mixed appliances) and bathrooms (old vanities, fixtures, shower doors, and carpeted floors).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.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Significant Value-Add Opportunity
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.
- Excellent Community Amenities
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.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
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.
- Bankruptcy Court Approval
The sale is 'subject to bankruptcy court approval,' which can lead to extended timelines, potential complications, and uncertainty in the transaction process.
- As-Is Condition
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.
About 15051 Sherman
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 155,589 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $420.0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Valerio Street Elementary School
Grades K-5 • 0.2 mi
Columbus Avenue School
Grades K-5 • 0.7 mi
Bassett Street Elementary School
Grades K-5 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,365 | 1,045.5 | 94% |
| Lot Size | 155,589 | 45,629.961 | 75% |
| Price | $450.0K | $445.0K | 50% |
| Price per sq ft | $330 | $404 | 6% |
| Built year | 1980 | 1981 | 44% |
| HOA | $420.0 | $422 | 50% |
| Days on market | 102 | 193 | 13% |
Pricing History
Listed for Sale
Mar 3, 2026
$450,000
$480,000
-6% Price Drop
Initial Listing
Price Change
Dec 19, 2025
$480,000
$495,000
-3% Price Drop
Initial Listing
Price Change
Nov 24, 2025
$495,000
Initial Listing
Sold
Feb 18, 2010
$176,500
Public Record
Sold
Sep 30, 2005
$380,000
Public Record
Sold
Oct 28, 2003
$260,000
Public Record
Sold
Jun 30, 1998
$98,500
Public Record










