5530 Owensmouth Avenue 324, Woodland Hills, California 91367, Woodland Hills, 91367 - 2 bed, 2 bath
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Woodland Hills, California 91367
This Resort-Style Condominium is a Strong Value Opportunity, listed at $459,900—positioned well below the $466,737 Fair Market Value by 1%. This valuation gap offers $6,837 in Instant Equity for the buyer. Featuring a top-floor 2E floor plan with vaulted ceilings, the unit maintains a Condition Rating of 4. Residents enjoy premium amenities including four pools, six tennis courts, and a fitness center. This property is an ideal acquisition for first-time buyers or investors seeking a stable, FHA/VA-approved asset in the evolving Warner Center district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5530 Owensmouth Avenue 324 Subject | $459,900* List Price | 2 | 2 | 1,010 | $474 | - |
A 5530 Owensmouth Avenue 123 Sold | $515,000 | 2 | 2 | 1,010 | $510 | 0.0 mi |
B 5525 Canoga Sold | $527,500 | 2 | 2 | 920 | $573 | 0.0 mi |
C 5550 Owensmouth Avenue 120 Sold | $520,000 | 3 | 2 | 1,020 | $510 | 0.1 mi |
D 21400 Burbank Boulevard 313 Sold | $550,000 | 2 | 2 | 1,030 | $534 | 0.2 mi |
E 5515 Canoga 318 Sold | $460,000 | 2 | 2 | 1,010 | $455 | 0.1 mi |
F 21650 21650 Burbank Blvd. 206 Sold | $535,000 | 2 | 2 | 1,219 | $439 | 0.2 mi |
G 5540 Owensmouth 319 Sold | $415,000 | 1 | 1 | 740 | $561 | 0.1 mi |
H 5500 Owensmouth Avenue 311 Sold | $402,000 | 1 | 1 | 740 | $543 | 0.1 mi |
I 5520 Owensmouth Avenue 117 Active | $495,000 List Price | 2 | 2 | 920 | $538 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, the property is approximately 37 years old. While the listing mentions stainless steel appliances and the unit appears well-maintained and move-in ready, the interior finishes such as the carpeting, standard white appliances in the laundry, and general fixtures reflect a dated aesthetic consistent with a 15-30 year renovation cycle rather than a recent modern overhaul.
Located within a 26-acre guard-gated community, the property offers unparalleled amenities including four pools, six tennis courts, and a state-of-the-art fitness center, providing a high-end lifestyle at an accessible price point.
The expanded 2E floor plan features vaulted ceilings and a top-floor position, which maximizes natural light, creates a sense of architectural volume, and ensures greater privacy from overhead neighbors.
The property is both FHA and VA approved, significantly broadening the potential buyer pool by allowing for low-down-payment financing options that are often unavailable in similar condominium complexes.
The $599 monthly association fee is a substantial recurring cost that may impact the overall affordability and debt-to-income ratios for budget-sensitive buyers.
Built in 1987, the large-scale nature of this 40-year-old community may lead to increased maintenance requirements and the potential for future special assessments to address aging infrastructure.
FHA & VA Approved! Tucked behind the gates of one of Woodland Hills’ most recognizable resort communities lies an opportunity to experience the lifestyle buyers search for but rarely find at this price point. Welcome to life at The Met. Perched on the top floor, this highly sought-after Expanded 2E floor plan offers a combination of openness, privacy, and functionality that has made it one of the community’s most desirable layouts. Vaulted ceilings create an immediate sense of volume and natural light while the thoughtfully designed floor plan provides the flexibility modern living demands. Whether enjoying a quiet evening at home or entertaining friends, the space feels open, comfortable, and intentionally designed for everyday living. Features include private in-unit laundry, stainless steel appliances, abundant storage, convenient proximity to the elevator, and two covered parking spaces, combining practicality with convenience rarely found in condominium living. Beyond your front door is where The Met truly separates itself. Spread across 26 acres of lush, manicured grounds, residents enjoy an environment that feels more like a private resort getaway than a residential community. Spend weekends enjoying one of four sparkling pools, challenge friends on one of six lighted tennis courts, work out in the state-of-the-art fitness center, play indoor basketball or racquetball, or simply enjoy the peace of living within a guard-gated community designed around lifestyle and convenience. Location matters, and few locations continue to evolve like Warner Center. Positioned in the center of one of Los Angeles’ fastest growing live-work-play districts, residents enjoy close proximity to shopping, dining, entertainment, parks, major employers, public transportation, and easy freeway access. As Warner Center continues its transformation, buyers aren’t simply purchasing real estate, they’re investing in a lifestyle and a location with long-term appeal. For first-time buyers, downsizers, investors, or anyone seeking low-maintenance living without sacrificing amenities, this is more than a condominium. This is resort living in the heart of Woodland Hills.
No exterior & parking available.
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,010 | 910 |
| Lot Size | 70,398 | 70,652.5 |
| Price | $459.9K | $571.9K |
| Price per sq ft | $455 | $533 |
| Built year | 1987 | 1987 |
| HOA | $599.0 | $554 |
| Days on market | 49 | 74 |
Jun 4, 2026
$459,900
Initial Listing
Apr 26, 2013
$280,000
Public Record
Aug 15, 2012
$235,000
Public Record
Oct 14, 2005
$349,500
Public Record