5500 Owensmouth Ave 122, Woodland Hills, California 91367, Woodland Hills, 91367 - 2 bed, 2 bath
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Woodland Hills, California 91367
This Turnkey Condominium represents a Strong Value Opportunity, listed at $520,000—positioned well below the $526,362 Fair Market Value by 1.2%. This valuation gap offers $6,362 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes modern granite countertops, stainless steel appliances, and wood-style flooring. Residents enjoy resort-style amenities, including a pool and spa. This move-in ready residence is an ideal acquisition for first-time buyers or owner-occupants seeking a vibrant, low-maintenance lifestyle in the heart of Warner Center.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5500 Owensmouth Ave 122 Subject | $499,000* List Price | 2 | 2 | 1,010 | $515 | - |
A 5530 Owensmouth Avenue 123 Sold | $515,000 | 2 | 2 | 1,010 | $510 | 0.1 mi |
B 21400 Burbank Boulevard 313 Sold | $550,000 | 2 | 2 | 1,030 | $534 | 0.2 mi |
C 5525 Canoga Sold | $527,500 | 2 | 2 | 920 | $573 | 0.1 mi |
D 5515 Canoga 318 Sold | $460,000 | 2 | 2 | 1,010 | $455 | 0.2 mi |
E 5565 Canoga Avenue 309 Sold | $535,000 | 2 | 2 | 1,040 | $514 | 0.1 mi |
F 5515 Canoga Ave. #329 329 Sold | $560,000 | 2 | 2 | 920 | $609 | 0.2 mi |
G 5540 Owensmouth Avenue 205 Active | $480,000 List Price | 2 | 2 | 920 | $522 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1987, the unit has undergone significant renovations including granite countertops, stainless steel appliances, and wood-style flooring. The interior is well-maintained, functional, and move-in ready, consistent with a 5-15 year renovation cycle.
Located in the prestigious Met Warner Center, residents have access to 24-hour guard-gated security, four pools, a fitness center, and courts for tennis, basketball, and racquetball.
The property is exceptionally positioned within walking distance to Westfield Topanga, The Village, and Warner Center Park, offering elite shopping, dining, and entertainment options.
This move-in-ready unit features high-quality finishes including wood-style flooring, granite countertops, stainless steel appliances, and the convenience of in-unit laundry.
The association fee of $599 per month is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some buyers.
Being a first-floor unit with no designated view, the property lacks the elevated vistas or natural scenery that some buyers prioritize in the Woodland Hills area.
Welcome to The Met Warner Center — one of Warner Center’s most sought-after resort-style gated communities. This beautifully upgraded first-floor 2-bedroom, 2-bath residence is ideally situated in Building #4, privately tucked toward the rear of the community near the main pool, fitness center, and tennis courts. Featuring one of The Met’s most desirable open-concept floor plans, this light and inviting home offers an ideal blend of comfort, privacy, and functionality. The guest bedroom and full bath are thoughtfully positioned at the front of the unit, while the spacious primary suite enjoys serene exterior views, dual vanities, and an oversized closet. Designed for modern living and effortless entertaining, the home showcases wood-style flooring throughout, granite countertops, stainless steel appliances, a cozy gas fireplace, and an expanded living area that creates an open, airy feel. Additional highlights include in-unit washer and dryer, central HVAC, and two covered parking spaces. Residents of The Met enjoy an unmatched lifestyle with 24-hour guard-gated security, multiple resort-style pools and spas, a full fitness center, indoor basketball and racquetball courts, tennis courts, and beautifully landscaped grounds. Conveniently located just moments from Westfield Topanga, Warner Center Park, The Village at Westfield Topanga, premier dining, shopping, entertainment, and easy freeway access, this home offers the perfect combination of luxury, convenience, and vibrant community living.
No exterior & parking available.
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,010 | 1,010 | 50% |
| Lot Size | 73,595 | 124,411.5 | 39% |
| Price | $499.0K | $521.2K | 47% |
| Price per sq ft | $494 | $539 | 32% |
| Built year | 1987 | 1987 | 50% |
| HOA | $599.0 | $583 | 53% |
| Days on market | 31 | 175 | 5% |
Jun 11, 2026
$499,000
$520,000
-4% Price Drop
Initial Listing
May 15, 2026
$520,000
Initial Listing
Dec 1, 2020
$433,000
Public Record
May 1, 2013
$300,000
Public Record
Jan 25, 2007
$206,500
Public Record