5500 Owensmouth Avenue 311, Woodland Hills, California 91367, Woodland Hills, 91367 - 1 bed, 1 bath
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Woodland Hills, California 91367
This Top-Floor Corner Condominium is a Strong Value Opportunity, listed at $399,999—positioned well below the $436,634 Fair Market Value by 8%. This valuation gap provides $36,635 in Instant Equity for the incoming owner. Featuring Vaulted Ceilings, a versatile Private Loft, and a Granite Kitchen, the unit maintains a Condition Rating of 3 with recent upgrades. Residents enjoy resort-style amenities at 'The Met' and proximity to Woodland Hills Charter Academy. This FHA/VA approved asset is ideal for Owner-Occupants or first-time buyers seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5500 Owensmouth Avenue 311 Subject | $399,999* List Price | 1 | 1 | 740 | $590 | - |
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 5540 Owensmouth 209 Sold | $375,000 | 1 | 1 | 610 | $615 | 0.1 mi |
E 21450 Burbank Boulevard 203 Sold | $362,000 | 1 | 1 | 610 | $593 | 0.2 mi |
F 5545 Canoga Avenue 320 Sold | $375,000 | 1 | 1 | 610 | $615 | 0.2 mi |
G 5500 Owensmouth Avenue 311 Active | $415,000 List Price | 1 | 1 | 740 | $561 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1987 but features significant updates including granite countertops, custom cabinetry, and stainless steel appliances consistent with a 5-15 year old renovation. The unit is well-maintained with recent paint and carpet, making it move-in ready.
This desirable corner unit features soaring vaulted ceilings and clerestory windows that flood the space with natural light, complemented by a versatile loft ideal for a home office or guest room.
Situated in the guard-gated 'The Met,' the property offers unparalleled amenities including four pools, six tennis courts, and a full fitness center, all within walking distance to The Village and Warner Center.
Rarely found FHA and VA approval combined with recent upgrades like new paint, carpet, and stainless steel appliances make this an accessible and turnkey opportunity for buyers.
The two assigned parking spaces are in a tandem arrangement, which can be inconvenient for multi-driver households requiring frequent vehicle coordination.
The unit does not feature private laundry hookups, requiring residents to use the communal laundry room located near the elevator.
**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 | $400.0K | $517.5K | 24% |
| Price per sq ft | $541 | $550 | 45% |
| Built year | 1987 | 1987 | 50% |
| HOA | $554.0 | $568 | 45% |
| Days on market | 2 | 160 | 2% |
Apr 20, 2026
$399,999
Initial Listing
Sep 12, 2022
$435,000
Public Record
Jul 18, 2006
$355,000
Public Record