15511 Woodcrest Drive, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 3 bed, 2 bath
15511 Woodcrest Drive
Sherman Oaks, California 91403
Property Price
SUMMARY
Analysis of 15511 Woodcrest Drive, Sherman Oaks, California 91403 reveals a Prime Investment Opportunity with a current list price of $1,575,000—significantly undercutting the $1,663,889 Fair Market Value by 5%. This valuation gap indicates a +$88,889 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Sherman Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15511 Woodcrest Drive Subject | $1,575,000* List Price | 3 | 2 | 1,820 | $914 | - |
A 14833 Valley Vista Boulevard Sold | $2,038,000 | 3 | 3 | 2,172 | $938 | 1.0 mi |
B 15435 Sutton Street Sold | $1,725,000 | 3 | 2 | 2,034 | $848 | 0.6 mi |
C 3600 Loadstone Drive Sold | $1,936,100 | 3 | 3 | 2,053 | $943 | 0.8 mi |
D 3471 Woodcliff Road Sold | $1,599,000 | 3 | 3 | 1,935 | $826 | 0.8 mi |
E 15224 Encanto Drive Sold | $1,535,000 | 2 | 2 | 1,597 | $961 | 0.5 mi |
F 4218 Sepulveda Boulevard Active | $1,400,000 List Price | 3 | 3 | 1,831 | $765 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property boasts significant recent upgrades including a new roof, HVAC, copper plumbing, and high-end kitchen appliances, indicating well-maintained major systems. While the kitchen cabinetry and bathroom styles appear somewhat dated, the overall condition is clean and functional. The listing explicitly states it's 'ready to be reimagined with your own finishes,' suggesting aesthetic updates are desired but not immediately required for functionality, aligning with a 'good' rating where some components may be updated but not a full recent renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11856, living area = 1820.
- Prime Location & Privacy
Nestled at the top of a private cul-de-sac in the desirable Royal Woods neighborhood of Sherman Oaks, offering exceptional privacy from neighbors due to the hillside, and convenient access to the 405/101 freeways and Ventura Blvd amenities.
- Extensive Recent Upgrades
The property boasts significant recent investments including a new roof, updated HVAC equipment, copper plumbing, and high-end kitchen appliances, reducing immediate maintenance concerns for a new owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1820, other record living area = 1620.
- Requires Aesthetic Updates
The description states the home is 'ready to be reimagined with your own finishes,' indicating that while major systems are updated, the interior aesthetics may require significant additional investment to meet modern design preferences.
- "Back on Market" Status
The property being 'BACK ON MARKET AT A NEW PRICE!' could suggest previous challenges in closing a deal, potentially raising questions for prospective buyers regarding prior offers or underlying property conditions.
About 15511 Woodcrest Drive
BACK ON MARKET AT A NEW PRICE! The home completely vacant and is ready to be reimagined with your own finishes. Kape Property Management is pleased to present this truly special single-family home perched at the top of a private, lush cul-de-sac. Located in the Royal Woods neighborhood of Sherman Oaks. This beautiful home consists of 3 bedrooms, 2 bathrooms, a 2-car garage, driveway, a bonus room (office/den), and a mud room. The home is thoughtfully designed with wonderful attention to detail. Each of the bedrooms is large enough for king-size furniture. The kitchen has plenty of counter space and cabinetry and is equipped with high-end appliances. Plenty of natural lights from the french doors and skylights throughout the property. The living room connects to the backyard, perfect for indoor-outdoor living. The backyard is perfect for entertaining and includes a natural rock waterfall that cascades into a fish pond and a built-in saltwater pool. The hillside provides complete privacy from any neighbors. The owner has taken great care of the property and has upgraded it with a new roof, HVAC equipment, copper plumbing, and high-end appliances. Great location for commuters with easy access to the 405 and 101 freeways. Lots of choices for shopping, beauty salons, and dining on Ventura Blvd. and the Sherman Oaks Galleria.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- -
- Lot Size
- 11,856 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 3.0 | 30% |
| Square foot | 1,820 | 2,661 | 14% |
| Lot Size | 11,856 | 9,558 | 71% |
| Price | $1.57M | $2.04M | 21% |
| Price per sq ft | $865 | $826 | 63% |
| Built year | - | 1959 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 176 | 2% |
Pricing History
Listed for Sale
Feb 2, 2026
$1,575,000
Initial Listing