15155 Sherman Way 29, Los Angeles, California 91405, Los Angeles, 91405 - 2 bed, 2 bath
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15155 Sherman Way 29
Los Angeles, California 91405
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,171Sq Ft
122,067Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$435,538
14% AboveMARKET VALUE
SUMMARY
This Condominium represents a High-Potential Investment Opportunity, listed at $499,000—positioned well above the $435,538 Fair Market Value by 14%. While the property is priced above current estimates, it offers a Condition Rating of 4, featuring recent laminate flooring updates. The unit provides a spacious 1,171 sqft layout with access to a pool and patio, situated near top-rated schools like Kester Avenue Elementary. This asset is best suited for Buy-and-Hold Investors or first-time buyers seeking a functional, well-located residence in Los Angeles.
Estimated Market Value
$435,538
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15155 Sherman Way 29 Subject 2 bd · 2 ba · 1,171 sqft · $372 | $499,000* List Price | 2 | 2 | 1,171 | $372 | - |
A 6926 Kester Active 2 bd · 3 ba · 1,250 sqft · $400 · 0.5 mi | $499,900 List Price | 2 | 3 | 1,250 | $400 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, the property shows signs of partial cosmetic updates including newer laminate flooring and updated cabinet hardware. However, the bathroom features dated countertops and older fixtures, and the overall age of 45 years suggests that while functional, the unit and its systems are dated and will eventually require more significant modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Competitive Market Entry
Priced at $499,000, this property represents a highly accessible entry point for homeownership in the Los Angeles market, appealing to both first-time buyers and savvy investors.
- Spacious Interior Layout
Offering 1,171 square feet of living space, this two-bedroom unit provides a more generous and functional floor plan than many comparable condominiums in the Van Nuys area.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $600 is significant relative to the listing price, which may impact a buyer's debt-to-income ratio and overall monthly affordability.
- Aging Building Infrastructure
Constructed in 1979, the property may require capital improvements or interior modernizations to meet the aesthetic and efficiency standards of contemporary buyers.
About 15155 Sherman Way 29
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 122,067 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $600.0 / Month
Neighborhood Insights
Los Angeles 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 • 0.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,171 | 1,252.996 |
| Lot Size | 122,067 | 26,029.603 |
| Price | $499.0K | $778.5K |
| Price per sq ft | $426 | $629 |
| Built year | 1979 | 1981 |
| HOA | $600.0 | $676 |
| Days on market | 28 | 74 |
Pricing History
Listed for Sale
Oct 12, 2026
$499,000
Initial Listing
Sold
Aug 31, 2004
$269,000
Public Record
Sold
Jul 20, 2000
$117,000
Public Record
Sold
Feb 19, 1998
$55,000
Public Record