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15511 Sherman Way 1, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath

15511 Sherman Way 1, Van Nuys, California 91406 home-pic-0
ACTIVE$410,000
15511 Sherman Way 1, Van Nuys, California 91406
2Beds
2Baths
959Sqft
109,182Lot
Year Built
1978
Close
-
List price
$410K
Original List price
$410K
Price/Sqft
$428
HOA
$375
Days on market
-
Sold On
-
MLS number
IV25106034
Home ConditionFair
Features
Pool
Spa
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $410.0K(25th), sqft - 959(13th), beds - 2(50th), baths - 2(50th).

Don’t miss this rare opportunity to own a spacious 2-bedroom, 2-bath condo in the secure and well-maintained Valley Oaks community of Van Nuys. This desirable end unit is attractively priced and full of potential for the right buyer. The home features a functional layout with a generously sized living area, a private primary suite, in-unit laundry, and abundant natural light throughout. While not recently updated, the unit is clean, move-in ready, and offers a blank canvas for your personal touch; ideal for buyers looking to customize their space or invest in a value-driven property in a prime location. Valley Oaks is a gated community offering a sparkling pool, lush landscaping, and convenient access to major freeways, shopping, and dining. Perfect for first-time buyers, downsizers, investors or anyone seeking an affordable home in the heart of the Valley. Act quickly, homes in this community don’t stay on the market for long, and this one is priced to sell!

Condition Rating
Fair
Built in 1978, this condo is over 40 years old and, as stated in the description, has 'not recently updated' interiors. The kitchen features dated light wood cabinets, older laminate countertops, and a white gas range, indicating a need for modernization. While the wood-look laminate flooring appears to be a more recent update, the overall aesthetic, including light fixtures, suggests the property is aged. It is described as 'clean, move-in ready' and a 'blank canvas,' meaning it's functional but requires minor updates to meet current styles and preferences, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Community Amenities & Security: Located within the secure, gated Valley Oaks community, offering a sparkling pool and lush landscaping, enhancing lifestyle and peace of mind.
Strategic Location & Accessibility: Boasts convenient access to major freeways, shopping, and dining, positioning it in a prime Van Nuys location for commuters and daily needs.
Investment & Customization Potential: Attractively priced and described as a 'blank canvas,' it offers significant potential for customization and value appreciation, appealing to investors or buyers seeking to personalize their space.
Functional & Spacious Layout: This desirable end unit features a spacious 2-bedroom, 2-bath layout with a generously sized living area, private primary suite, in-unit laundry, and abundant natural light.
Broad Buyer Appeal: Marketed as perfect for first-time buyers, downsizers, or investors, indicating a wide target audience and strong demand potential.

Cons

Outdated Interior: The unit has 'not recently updated' interiors, suggesting that finishes and fixtures may be dated and not align with modern aesthetic preferences.
Potential Renovation Costs: While 'move-in ready,' the 'blank canvas' aspect implies that buyers looking for contemporary finishes will likely incur additional renovation costs post-purchase.
Monthly Association Fees: The property carries a monthly association fee of $375.0, which is an ongoing cost that buyers must factor into their budget.

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