
Woodland Hills, California 91367
This Turnkey Penthouse is a Strong Value Opportunity, listed at $514,500—positioned slightly above the $503,993 Fair Market Value. While the price reflects a premium, the property maintains an Excellent Condition Rating following a comprehensive renovation, including a Quartz Kitchen and modern baths. Residents enjoy resort-style amenities at The Met, including Pools, Spas, and Tennis Courts, alongside prime walkability to Warner Center. This move-in ready residence offers a sophisticated lifestyle, making it an ideal acquisition for first-time buyers or professional owner-occupants seeking convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5550 Owensmouth Subject | $514,500* List Price | 2 | 2 | 820 | $615 | - |
A 5540 Owensmouth Avenue 205 Sold | $480,000 | 2 | 2 | 920 | $522 | 0.0 mi |
B 5540 S Owensmouth Avenue 107 Sold | $496,000 | 2 | 2 | 920 | $539 | 0.0 mi |
C 5565 Canoga Sold | $510,000 | 2 | 2 | 920 | $554 | 0.1 mi |
D 5510 Owensmouth 212 Sold | $525,000 | 2 | 2 | 920 | $571 | 0.1 mi |
E 5540 Owensmouth 319 Sold | $415,000 | 1 | 1 | 740 | $561 | 0.0 mi |
F 5520 Owensmouth Avenue 117 Sold | $490,000 | 2 | 2 | 920 | $533 | 0.1 mi |
G 5500 Owensmouth Avenue 311 Sold | $402,000 | 1 | 1 | 740 | $543 | 0.1 mi |
H 5545 Canoga Avenue 301 Sold | $530,200 | 2 | 2 | 910 | $583 | 0.2 mi |
I 5510 Owensmouth Avenue 209 Active | $549,999 List Price | 2 | 2 | 820 | $671 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1987, the property has undergone a recent comprehensive renovation (likely <5 years) including new flooring, fresh paint, an updated kitchen with quartz countertops, and fully modernized bathrooms. The interior is in mint, move-in ready condition with no immediate maintenance required.
This rare third-floor penthouse offers soaring vaulted ceilings, a fireplace, and recent upgrades including new flooring, fresh paint, and a modern kitchen with quartz countertops.
Located in the prestigious guard-gated 'The Met' community, residents have access to extensive facilities including multiple pools, spas, tennis courts, and a full fitness center.
The property is ideally situated within walking distance to the premier shopping, dining, and entertainment destinations of Warner Center, offering high lifestyle convenience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 820, other record living area = 920.
The association fee of $568 per month is relatively high for a unit of this size, which may impact the overall monthly affordability for some buyers.
With only 820 square feet for a two-bedroom, two-bathroom layout, the living spaces may feel somewhat confined compared to other residential options in the area.
At The Met, location is everything. This rare two-bedroom penthouse is ideally situated in a private building with its own entrance, tucked away on a private cul-de-sac. Located on the third floor, this desirable view unit features soaring vaulted ceilings and a fireplace in the living room, along with fresh paint and new flooring throughout. Both spacious bedrooms feature their own updated private bathrooms, offering comfort and privacy. The updated kitchen includes quartz countertops, a tile backsplash, and a convenient breakfast bar. The home also includes two covered parking spaces. The Met is a prestigious guard-gated community offering an impressive array of amenities, including beautiful pools and spas, night-lighted tennis courts, racquetball and indoor basketball courts, and a fully equipped fitness center. Ideally located within walking distance of shopping, dining, and entertainment in Warner Center, this exceptional penthouse offers the perfect combination of privacy, amenities, and convenience.
No exterior & parking available.
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 820 | 922.632 |
| Lot Size | 67,734 | 80,271.447 |
| Price | $514.5K | $567.0K |
| Price per sq ft | $627 | $518 |
| Built year | 1987 | 1987 |
| HOA | $568.0 | $582 |
| Days on market | 14 | 66 |
Aug 26, 2026
$514,500
Initial Listing
Dec 6, 2024
$515,000
Public Record
Oct 26, 2009
$285,000
Public Record