15155 Sherman Way 26, Los Angeles, California 91405, Van Nuys, 91405 - 2 bed, 2 bath
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Los Angeles, California 91405
This Value-Add Condominium is listed at $396,000, representing a stable entry point aligned with its $381,886 Fair Market Value. Boasting a Condition Rating of 4, the interior features vaulted ceilings and a unique bonus loft, offering significant potential for forced appreciation through a cosmetic overhaul. Residents enjoy a private patio with courtyard views, a community pool and spa, and proximity to Van Nuys Senior High within the Los Angeles Unified district. This "clean slate" asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15155 Sherman Way 26 Subject | $396,000* List Price | 2 | 2 | 1,035 | $369 | - |
A 15015 Sherman Way 314 Sold | $370,000 | 2 | 2 | 1,004 | $369 | 0.2 mi |
B 14715 Saticoy Street 9 Sold | $475,000 | 2 | 3 | 1,090 | $436 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this 45-year-old property is functional but significantly dated. While it has been 'refreshed' with paint and some new vinyl flooring in baths, it retains original popcorn ceilings, dated blue tile countertops, and older cabinetry with visible missing panels. The loft area shows unfinished drywall work, and the overall aesthetic requires a full cosmetic overhaul to meet modern standards, as suggested by the listing's reference to flipping.
This rare condo configuration features no neighbors above or below and is situated in a small, free-standing building of only six units, offering a level of quiet and privacy seldom found in multi-family housing.
The interior boasts airy vaulted ceilings and a versatile bonus loft, providing unique functional space for an office or retreat that adds significant character and appeal beyond the standard floor plan.
Located in a gated complex with a pool and jacuzzi, the property offers an effortless commute via the 405 freeway and is minutes away from the recreational activities at Lake Balboa Park.
Marketed as a 'clean slate' and 'ready for your design vision,' the property likely requires further investment in kitchen and living area upgrades to reach its full modern potential.
The unit features covered tandem parking, which can be a daily inconvenience for multi-vehicle households compared to side-by-side parking arrangements.
This refreshed 2-bedroom, 2-bathroom condo offers a rare layout with no neighbors above or below. It is situated in an Exclusive, free-standing building of only six units; the entry is up one level due to covered tandem parking underneath. The building is located on the west side of the complex and does not face Sherman Way. Your front door opens to an airy space with a vaulted ceiling and features a one-of-a-kind Bonus Loft tucked over the kitchen—perfect for a gaming space, a cozy slumber party zone, or a quiet retreat. Step out onto your private patio to enjoy serene views of a landscaped courtyard and the gentle sound of two trickling fountains. The interior has been mostly repainted and is a clean slate, ready for you to enhance the existing features or bring your own design vision to life—a task made easier by new vinyl plank flooring in both bathrooms. For your convenience, there is an in-unit stacked washer/dryer and a dedicated water heater. Parking space #200 provides covered tandem parking for two cars and is easily accessible to the driveway gate and the unit. Outside your door, the gated complex offers a sparkling pool and jacuzzi, a spacious sun deck for lounging, and outdoor gas grills. Location is everything: you are minutes from the lush greenery of Lake Balboa Park, the vibrant dining and shopping hubs along Sepulveda and Van Nuys Boulevards, and the 405 freeway for an effortless commute. This gem is ready for its next chapter and so are you. For an idea of what this property could look like fully remodeled, look at listing number 26724329, unit #47, in the same complex. The listing price already factors in the cost of remodeling, should you choose to do so.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 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 | 1,035 | 1,062 | 47% |
| Lot Size | 122,067 | 48,220.922 | 59% |
| Price | $396.0K | $450.0K | 29% |
| Price per sq ft | $383 | $422 | 24% |
| Built year | 1979 | 1980 | 47% |
| HOA | $492.0 | $432 | 76% |
| Days on market | 0 | 195 | 6% |
Apr 21, 2026
$396,000
Initial Listing
Apr 20, 2026
$362,000
Initial Listing
Dec 12, 2014
$229,000
Public Record