5500 Owensmouth Avenue 311, Woodland Hills, California 91367, Woodland Hills, 91367 - 1 bed, 1 bath
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Woodland Hills, California 91367
This Premium Top-Floor Corner Condominium is a Strong Value Opportunity, listed at $415,000—positioned well below the $435,975 Fair Market Value by 4%. This valuation gap provides $20,975 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features Vaulted Ceilings, a Granite Kitchen, and a versatile Private Loft for a home office. Residents enjoy resort-style living at "The Met" with Pools, Spas, and Tennis Courts near Woodland Hills Charter Academy. This move-in-ready asset is ideal for Owner-Occupants or first-time buyers seeking a lifestyle-rich sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5500 Owensmouth Avenue 311 Subject | $415,000* List Price | 1 | 1 | 740 | $589 | - |
A 5535 Canoga Avenue 207 Sold | $400,000 | 1 | 1 | 610 | $656 | 0.2 mi |
B 21500 Burbank 222 Sold | $381,000 | 1 | 1 | 610 | $625 | 0.2 mi |
C 5515 Canoga Avenue 305 Sold | $405,000 | 1 | 1 | 740 | $547 | 0.2 mi |
D 21450 Burbank Boulevard 203 Sold | $362,000 | 1 | 1 | 610 | $593 | 0.2 mi |
E 5540 Owensmouth 209 Sold | $375,000 | 1 | 1 | 610 | $615 | 0.1 mi |
F 5525 Canoga Sold | $527,500 | 2 | 2 | 920 | $573 | 0.1 mi |
G 5525 Canoga Avenue 231 Active Under Contract | $385,000 List Price | 1 | 1 | 690 | $558 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with several modern interior upgrades. The kitchen features custom cabinetry, granite countertops, and updated stainless steel appliances. Recent improvements include new paint, carpet, recessed lighting, and plantation shutters. While the building was constructed in 1987, the unit has been well-maintained and updated to meet current market expectations for a resort-style condominium without requiring immediate renovation.
As a top-floor corner unit with only one shared wall, this property offers superior privacy, vaulted ceilings, and clerestory windows that provide exceptional natural light compared to standard units.
Located in the guard-gated 'The Met,' residents enjoy 26 acres of facilities including four pools, six tennis courts, and a full fitness center, offering a high-end lifestyle that supports strong rental demand and resale value.
The inclusion of a private open-air loft provides essential flexibility for a home office, gym, or guest area, effectively expanding the functional living space beyond a traditional one-bedroom floor plan.
The unit does not feature private laundry hookups, requiring residents to use a communal laundry room, which is a notable inconvenience for modern luxury condo seekers.
The two assigned parking spaces are in a tandem configuration, which can be logistically challenging for multi-driver households who need to frequently move vehicles to exit.
**FHA & VA APPROVED** Resort style living in the heart of Warner Center, welcome to The Met! This CORNER UNIT 1 BEDROOM + LOFT is situated in the perfect location on the TOP FLOOR w/only 1 shared wall. This unit is also walking distance to the main pool, gym & tennis courts, while remaining tucked away from the disturbances of main streets and 101 freeway noise. This lovely upgraded 1 Bed + LOFT / 1 Bath unit features a plethora of amenities, including recent paint and carpet upgrades, recessed lighting, plantation shutters as well as updated STAINLESS appliances. Certainly the most desirable floor plan, this style utilizes an open concept with soaring ceilings and clerestory windows that drench the main living spaces in natural light. The kitchen is equipped with custom cabinets, GRANITE COUNTERS & updated stainless appliances, while the spacious living/dining room features VAULTED CEILINGS and a dazzling gas fireplace. Make your way to the master suite to be pleasantly surprised by the amount of space, as well as having two separate closets and an en-suite bath. In addition, you have a private open air LOFT, ideal for any home office, gym or guest bedroom. Add to all this a relaxing balcony to enjoy the amazing weather So Cal affords us year round and you've found yourself a winner. Conveniently located nearby the elevator for easy access down to the laundry room & parking garage, which provides two covered tandem parking spaces. The Met is a guard gated community that sits on 26 acres of meticulously landscaped grounds featuring 4 resort-style swimming pools, six night lighted tennis courts, full fitness center, racquetball and indoor basketball courts and multiple spas. All this located within walking distance to The Village and all the dining, shopping & entertainment Warner Center has to offer, including the Los Angeles Rams' new training facility.
No exterior & parking available.
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 31% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 740 | 965 | 31% |
| Lot Size | 73,571 | 128,387.5 | 43% |
| Price | $415.0K | $517.5K | 36% |
| Price per sq ft | $561 | $553 | 52% |
| Built year | 1987 | 1987 | 50% |
| HOA | $554.0 | $568 | 45% |
| Days on market | 55 | 160 | 10% |
Feb 26, 2026
$415,000
Initial Listing
Sep 12, 2022
$435,000
Public Record
Jul 18, 2006
$355,000
Public Record