Woodland Hills · 2 bed / 2 bath · 1,000 sq ft · Built 1987 Open Sunday, August 9, 2 to 4 PM
List Price
$525,000
Price / Sq Ft
$525
Interior
1,000
Beds / Baths
2 / 2
HOA / Month
$599
Year Built
1987
Where This Home Stands Out
More space than the comps
Every 1987-built two bedroom that closed nearby in the last 90 days measured 910 to 920 sq ft. This one is 1,000, roughly 80 to 90 sq ft more interior space than the units buyers have actually been closing on.
Lower cost per square foot
At $525 per sq ft, this sits at the bottom of the same-vintage range. Comparable actives run $533 to $679 per sq ft, and recent closings landed between $522 and $610.
Same building, direct compare
Unit #230 in this building is active at $535,000 for 920 sq ft, which works out to $582 per sq ft. Same address, same association, 80 sq ft less space at a higher price.
What Else Is Available10 of 38 active condos match this profile
5500 Owensmouth Ave #122
2/2 · 1,010 sq ft · 83 days
$489,999$485 / sq ft
5510 Owensmouth Ave #204
2/2 · 920 sq ft · 62 days
$490,000$533 / sq ft
5535 Canoga Ave #115
2/2 · 920 sq ft · 1 day
$495,000$538 / sq ft
5500 Owensmouth Ave #228
2/2 · 920 sq ft · 28 days
$510,000$554 / sq ft
5565 Canoga Ave #207
2/2 · 920 sq ft · 56 days
$518,999$564 / sq ft
5515 Canoga Ave #220This Home
2/2 · 1,000 sq ft · 1 day
$525,000$525 / sq ft
5515 Canoga Ave #230Same Building
2/2 · 920 sq ft · 72 days
$535,000$582 / sq ft
21450 Burbank Blvd #314
2/2 · 920 sq ft · 15 days
$549,000$597 / sq ft
5520 Owensmouth Ave #313
2/2 · 1,030 sq ft · 50 days
$585,000$568 / sq ft
5500 Owensmouth Ave #104
2/2 · 920 sq ft · 15 days
$625,000$679 / sq ft
All 1987-vintage two bedroom, two bath condos within one mile, matched by square-footage band. Newer 2010-built product at 21301 Erwin St is priced separately below.
How This Home Is Priced
$480KThis home $525,000$625K
Recent 1987-built closings, $480K to $555K
Active asking range, $490K to $625K
This home, against an active median of $521,999
What's Been Selling Here30 condo sales closed in the last 90 days
1987-built, two bed / two bath, matched size band
5540 Owensmouth Ave #205
920 sq ft · 28 days · 100.0% of list · Jul 16
$480,000$522 / sq ft
5520 Owensmouth Ave #117
920 sq ft · 22 days · 99.0% of list · Jul 31
$490,000$533 / sq ft
5540 Owensmouth Ave #107
920 sq ft · 7 days · 99.4% of list · Jul 21
$496,000$539 / sq ft
5510 Owensmouth Ave #212
920 sq ft · 21 days · 99.1% of list · Jul 31
$525,000$571 / sq ft
5545 Canoga Ave #301
910 sq ft · 63 days · 95.5% of list · Jul 24
$530,200$583 / sq ft
5550 Owensmouth Ave #123
910 sq ft · 55 days · 97.0% of list · Jun 22
$555,000$610 / sq ft
2010-built at 21301 Erwin St, newer construction
21301 Erwin St #228
1,050 sq ft · 21 days · 98.3% of list · May 20
$565,000$538 / sq ft
21301 Erwin St #420
1,160 sq ft · 11 days · 116.0% of list · Jun 29
$690,100$595 / sq ft
Every 1987-built two bedroom that closed came in between 910 and 920 sq ft. None offered the interior space this unit does, and the two that stretched past $530,000 did it at $583 and $610 per square foot.
Reading The Market
Pace favors the well-priced
Of the 30 condos that closed in the last 90 days, 60% sold within 30 days and averaged 101.1% of asking. The ones that sat past 60 days closed nearer 94%.
The $525K search band
Buyers filter in $25,000 increments, so at $525,000 this home appears for anyone capped at $525K and anyone searching above it. The active median across all 38 competing condos is $521,999.
Square footage is the differentiator
In this vintage, 920 sq ft is the standard two bedroom plan. At 1,000 sq ft this unit carries about 9% more space, priced below the per-foot average of both the active and closed sets.
What newer construction costs
The 2010-built units at 21301 Erwin St ask $629,000 to $695,000 for 1,050 to 1,160 sq ft. That is $105,000 to $170,000 above this price point, the current premium for newer construction here.
Smart Questions Before You Write An Offer
01
What do the dues cover, and how funded are the reserves?
At $599 a month, ask what is included and request the reserve study. A funded reserve is the difference between predictable dues and a surprise assessment.
02
Are there special assessments pending or recently completed?
Ask for board minutes from the last 12 months. Planned work on roofs, plumbing, or common areas shows up there before it hits your budget.
03
What is the rental cap and owner-occupancy ratio?
This matters twice. It affects whether you could rent the unit later, and lenders weigh owner-occupancy when financing a condo.
04
Is the association in litigation, and what does the master policy cover?
Active litigation can complicate financing. Confirm what the master insurance covers versus what your own HO-6 policy needs to carry.
Your Advisor
Marc Anthony Ebuen
Real Estate Advisor | Compass | DRE #02253753
Before real estate I spent 13 years in hotel operations, front desk up to Director of Operations. That work was about catching the problem before the guest ever saw it. I bring the same habit to a transaction: reading the reserve study, checking the board minutes, and knowing what the numbers mean before anyone signs.