15511 Sherman Way 32, Los Angeles, California 91406, Los Angeles, 91406 - 3 bed, 2 bath
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15511 Sherman Way 32
Los Angeles, California 91406
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,142Sq Ft
0Lot Size
Property Price
LIST PRICE$440,000
EST. MARKET VALUE
$424,055
3% AboveMARKET VALUE
SUMMARY
This 3-Bedroom Condominium is a Strong Value Opportunity, listed at $440,000—positioned well below the $424,056 Fair Market Value by -3%. Featuring a Condition Rating of 4, the unit offers a functional layout with modern stainless steel appliances and the privacy of a top-floor location. Residents benefit from resort-style amenities, including a pool and spa, plus the convenience of a private garage. This property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a well-located, low-maintenance residence in Van Nuys.
Estimated Market Value
$424,055
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 |
|---|---|---|---|---|---|---|
★ 15511 Sherman Way 32 Subject 3 bd · 2 ba · 1,142 sqft · $371 | $440,000* List Price | 3 | 2 | 1,142 | $371 | - |
A 15511 Sherman Way 29 Sold 3 bd · 2 ba · 1,142 sqft · $394 · 0.0 mi | $450,000 | 3 | 2 | 1,142 | $394 | 0.0 mi |
B 7135 Firmament Avenue Active Under Contract 2 bd · 2 ba · 961 sqft · $467 · 0.2 mi | $449,000 List Price | 2 | 2 | 961 | $467 | 0.2 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 1978 (46 years old), the property shows signs of partial updates such as newer laminate flooring and stainless steel appliances, but the bathrooms and overall aesthetic remain dated. It falls into the >20 year age bracket with renovations likely performed 15-20 years ago, making it functional but in need of minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Top-Floor Privacy
As a top-level unit with no neighbors living above, this residence offers enhanced quiet and privacy, a premium feature in multi-family condominium living.
- Rare 3-Bedroom Configuration
The spacious three-bedroom layout is a significant competitive advantage at this price point, providing versatility for families or those requiring a dedicated home office.
- Superior Parking & Laundry
The property includes both a private one-car garage and an additional covered space, plus the convenience of in-unit laundry, addressing the most common pain points for condo buyers.
CONSRISKS & DEFICIENCIES
- Building Age
Built in 1978, the complex may require higher long-term maintenance or future capital improvements compared to newer residential developments.
- High-Traffic Location
Situated on Sherman Way near the 405 freeway, the property is subject to the noise and congestion associated with major Los Angeles thoroughfares.
About 15511 Sherman Way 32
Welcome home to 15511 Sherman Way, Unit 32, a spacious 3-bedroom, 2-bath top-floor residence in a gated Van Nuys community. The bright living room is centered on a cozy fireplace. Large sliding glass doors bring in natural light and open onto a private balcony overlooking the sparkling pool and spa, an easy spot for morning coffee or winding down at the end of the day. The kitchen has stainless steel appliances, breakfast bar, and ample cabinet space, and it flows into a separate dining room for everyday meals and entertaining. All three bedrooms are generously sized, including a primary suite with an oversized closet. Both bathrooms are roomy and have shower/tub combinations. An in-unit laundry closet adds everyday convenience. For parking, you get a private one-car garage plus one covered parking space. As a top-level unit, the home offers extra privacy with no neighbors above. Residents enjoy resort-style amenities, including a large swimming pool and a relaxing spa, and the location puts you close to the 405 freeway, shopping, and dining. Don't miss this Van Nuys gem!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $375.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,142 | 1,252.996 |
| Lot Size | - | 26,029.603 |
| Price | $440.0K | $778.5K |
| Price per sq ft | $385 | $629 |
| Built year | 1978 | 1981 |
| HOA | $375.0 | $676 |
| Days on market | 38 | 74 |
Pricing History
Listed for Sale
Oct 2, 2026
$440,000
Initial Listing