15425 Sherman 107a, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 1 bath
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Van Nuys, California 91406
This Condominium is a Strong Value Opportunity, listed at $350,000—positioned well below the $338,533 Fair Market Value by -3%. While the list price is slightly above market, the property offers a Condition Rating of 3, featuring updated laminate flooring and central HVAC. Residents enjoy a lifestyle-oriented environment with a Community Pool, Spa, and Gym. Its compact 750sqft layout and tandem parking make it a practical, low-maintenance asset. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the Van Nuys market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15425 Sherman 107a Subject | $350,000* List Price | 2 | 1 | 750 | $476 | - |
A 15455 Sherman Way 18 Sold | $380,000 | 2 | 2 | 973 | $391 | 0.0 mi |
B 15425 Sherman Way 240 Active | $409,900 List Price | 2 | 2 | 930 | $441 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1976, the interior shows signs of a renovation within the last 5-15 years, featuring updated laminate flooring and modern ceiling fans. The unit includes central HVAC and appears well-maintained and move-in ready.
Listed at $350,000 for a two-bedroom unit, this property represents a highly affordable entry point into the Los Angeles real estate market, ideal for first-time buyers or investors.
The gated community offers a robust amenity package including a pool, spa, gym, and central A/C, providing a lifestyle-oriented environment that adds significant value.
The unit includes two-car tandem parking and dedicated storage space, addressing common pain points for condominium living in high-density areas like Van Nuys.
With only 750 square feet allocated for a two-bedroom floor plan, the individual rooms and common areas may feel cramped compared to standard residential expectations.
The reliance on community laundry facilities rather than in-unit hookups may be a drawback for buyers prioritizing convenience and modern interior features.
Gated Community * Located In The Heart Of Van Nuys * First Floor Unit * 2 Bedrooms / 1 Bathroom * 750sqft * 1976 Built * Open Floor Plan * Laminate Floors * Central A/C & Heat * Private Patio * Community Laundry * Community Pool, Spa & Gym * 2 Car Tandem Parking #68 With Storage * HOA $412.10/m * Easy Access To The Freeway * Close To Shopping
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 750 | 962.5 | 10% |
| Lot Size | 152,347 | 61,531.5 | 90% |
| Price | $350.0K | $407.5K | 20% |
| Price per sq ft | $467 | $429 | 50% |
| Built year | 1976 | 1980 | 30% |
| HOA | $412.1 | $475 | 30% |
| Days on market | 39 | 151 | 10% |
May 7, 2026
$350,000
Initial Listing
Jul 23, 2020
$186,000
Public Record
Dec 14, 2012
$9,800,098
Public Record