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

15051 Sherman, Van Nuys, California 91405 home-pic-0

15051 Sherman

Van Nuys, California 91405

ACTIVE
CONDITION: POOR
2Beds
2Baths
1,365Sq Ft
155,589Lot Size

Property Price

LIST PRICE$450,000

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

Poor
TeardownExcellent

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 Images confirm this with severely outdated kitchens (original cabinets, tile countertops, dated lighting, mixed appliances) and bathrooms (old vanities, fixtures, shower doors, and carpeted floors).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

4/10

Columbus Avenue School

Grades K-5 • 0.7 mi

2/10

Bassett Street Elementary School

Grades K-5 • 1.0 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,3651,045.5
94%
Lot Size155,58945,629.961
75%
Price$450.0K$445.0K
50%
Price per sq ft$330$404
6%
Built year19801981
44%
HOA$420.0$422
50%
Days on market102193
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

Browse Properties by State Browse housing market trends by state