15425 Sherman Way 241, Los Angeles, California 91406, Los Angeles, 91406 - 2 bed, 2 bath
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15425 Sherman Way 241
Los Angeles, California 91406
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
930Sq Ft
152,347Lot Size
Property Price
LIST PRICE$419,500
EST. MARKET VALUE
$438,609
4% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $419,500—positioned well below the $438,610 Fair Market Value by 4%. This valuation gap offers $19,110 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the unit boasts a fully renovated kitchen, new flooring, and recessed lighting. Residents enjoy premium amenities including a pool, gym, and gated security. This property is an ideal acquisition for first-time buyers or owner-occupants seeking a modern, move-in ready lifestyle in Van Nuys.
Estimated Market Value
$438,609+$19,109 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 15425 Sherman Way 241 Subject | $419,500* List Price | 2 | 2 | 930 | $472 | - |
A 15511 Sherman Way Sold | $455,000 | 2 | 2 | 959 | $474 | 0.1 mi |
B 15540 Sherman Way 14 Sold | $430,000 | 2 | 2 | 1,054 | $408 | 0.2 mi |
C 7135 Firmament Sold | $474,000 | 2 | 2 | 961 | $493 | 0.2 mi |
D 15425 Sherman Way 240 Active | $394,900 List Price | 2 | 2 | 930 | $425 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This property is a fully renovated turnkey residence featuring a reimagined kitchen with new cabinetry, sleek countertops, and stainless appliances. The unit includes upgraded bathrooms, new flooring, recessed lighting, and designer fixtures throughout, indicating a comprehensive renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovations
The property is fully renovated with modern upgrades including new flooring, recessed lighting, designer fixtures, and a reimagined kitchen with stainless appliances, offering immediate move-in readiness.
- Dedicated Parking
This unit includes two assigned parking spaces, providing significant convenience and value in a high-density Los Angeles neighborhood where parking is often restricted.
- Comprehensive Community Amenities
Residents benefit from a gated environment with security patrol, along with lifestyle amenities including a pool and gym located just steps from the unit.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $512 per month is relatively high for this price point and may impact the overall affordability and debt-to-income ratio for budget-conscious buyers.
- Lack of In-Unit Laundry
The reliance on community laundry facilities rather than private in-unit hookups may be a drawback for buyers seeking maximum convenience and modern living standards.
About 15425 Sherman Way 241
Experience contemporary style in this fully renovated Van Nuys condominium. This turnkey residence features two spacious bedrooms and two upgraded bathrooms within a bright, open-concept floor plan. Recent improvements include new flooring, recessed lighting, designer fixtures, and custom paint throughout. The reimagined kitchen is equipped with new cabinetry, sleek countertops, and stainless appliances, while the inviting high ceiling entrance is bright and open for your enjoyment. Unit also has a balcony and comes with 2 parking spaces. Gated and security patrol! Pool & Gym conveniently located steps away, along with newly remodeled community laundry.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- 152,347 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $512.0 / Month
Neighborhood Insights
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 | 930 | 1,219.385 |
| Lot Size | 152,347 | 27,236.074 |
| Price | $419.5K | $800.2K |
| Price per sq ft | $451 | $650 |
| Built year | 1976 | 1979 |
| HOA | $512.0 | $685 |
| Days on market | 31 | 72 |
Pricing History
Listed for Sale
Aug 9, 2026
$419,500
Initial Listing
Sold
Jun 26, 2020
$365,000
Public Record
Sold
Jun 5, 2007
$333,272
Public Record