DRE #02253753 · Compass, Broker DRE #01991628
(424) 766-4375 · marc@frontgaterealestate.com
Buyer Market Report
5515 Canoga Ave #220Woodland Hills, CA 91367
2 bed. 2 bath. 1,000 sqft. Built 1987. The Met, a gated community with 24-hour guard, pool, spa, tennis, and fitness center.
List Price
$525,000
Price / SqFt
$525
Interior
1,000 sqft
Beds / Baths
2 / 2
HOA Dues
$599 /mo
Year Built
1987
FHA and VA approved. Dues cover water, sewer, trash, building and grounds, plus the guard gate and amenities. Two covered parking spaces. Fireplace, in-unit laundry, single level, second floor.
Where This Home Stands Out
1,000sqft
Above the standard plan
The standard two bed, two bath plan in this corridor is 920 sqft. Every matched 1987-vintage unit that closed in the last 90 days measured 910 to 920 sqft. This one is 80 to 90 sqft larger.
$525/ sqft
Second lowest per foot
Matched active competitors carry a median of $566 per sqft. Recent matched closings ran a median of $562 per sqft. Only one of the eleven comparable actives prices lower per foot.
$10,000less
Same building compare
Unit #230 in this same building is 920 sqft at $535,000, or $582 per sqft, and has been on market 75 days. This unit asks $10,000 less for 80 more square feet.
What Else Is Available
Matched set: two bed, two bath, 1987 vintage, 900 to 1,030 sqft, within one mile. The full one-mile pull carries 38 active condos, 15 of them two bed two bath.
5500 Owensmouth Ave #122$489,999
1,010 sqft · $485/sqft · 86 days on market
5510 Owensmouth Ave #204$490,000
920 sqft · $533/sqft · 65 days on market
5535 Canoga Ave #115$495,000
920 sqft · $538/sqft · 4 days on market
5500 Owensmouth Ave #228$510,000
920 sqft · $554/sqft · 31 days on market
5565 Canoga Ave #207$518,999
920 sqft · $564/sqft · 59 days on market
5515 Canoga Ave #220 Subject$525,000
1,000 sqft · $525/sqft · 4 days on market
5515 Canoga Ave #230 Same building$535,000
920 sqft · $582/sqft · 75 days on market
21500 Burbank Blvd #328$545,000
920 sqft · $592/sqft · 1 day on market
21450 Burbank Blvd #314$549,000
920 sqft · $597/sqft · 18 days on market
5520 Owensmouth Ave #313$585,000
1,030 sqft · $568/sqft · 53 days on market
5500 Owensmouth Ave #104$625,000
920 sqft · $679/sqft · 18 days on market
Address
List
SqFt
$/SqFt
DOM
5500 Owensmouth Ave #122
$489,999
1,010
$485
86
5510 Owensmouth Ave #204
$490,000
920
$533
65
5535 Canoga Ave #115
$495,000
920
$538
4
5500 Owensmouth Ave #228
$510,000
920
$554
31
5565 Canoga Ave #207
$518,999
920
$564
59
5515 Canoga Ave #220 Subject
$525,000
1,000
$525
4
5515 Canoga Ave #230 Same building
$535,000
920
$582
75
21500 Burbank Blvd #328
$545,000
920
$592
1
21450 Burbank Blvd #314
$549,000
920
$597
18
5520 Owensmouth Ave #313
$585,000
1,030
$568
53
5500 Owensmouth Ave #104
$625,000
920
$679
18
How This Home Is Priced
This home$525,000
$480K$510K$540K$570K$600K$630K
Where matched 1987-vintage two bed two bath units actually closed. $480,000 to $555,000, median $517,500.
Current matched active asking range. $489,999 to $625,000, median $527,000.
This home at $525,000, 1,000 sqft, $525 per sqft.
One-Mile Condo Snapshot
All condo and co-op activity within one mile of this address, active and closed, as of August 9, 2026.
Active Condos38
Median Active List$521,999
Closed Sales30
Median Days To Sell25
Sold To List99.5%
What's Been Selling Here
Closed sales within one mile, vintage separated so the comparison stays apples to apples.
Matched set: two bed, two bath, 1987 vintage
5540 Owensmouth Ave #205$480,000
920 sqft · $522/sqft · 28 days · 100.0% of list · closed 07/16/26
5520 Owensmouth Ave #117$490,000
920 sqft · $533/sqft · 22 days · 99.0% of list · closed 07/31/26
5540 Owensmouth Ave #107$496,000
920 sqft · $539/sqft · 7 days · 99.4% of list · closed 07/21/26
5565 Canoga Ave #117$510,000
920 sqft · $554/sqft · 32 days · 100.0% of list · closed 08/05/26
5510 Owensmouth Ave #212$525,000
920 sqft · $571/sqft · 21 days · 99.1% of list · closed 07/31/26
5545 Canoga Ave #301$530,200
910 sqft · $583/sqft · 63 days · 95.5% of list · closed 07/24/26
21500 Burbank Blvd #329$539,000
920 sqft · $586/sqft · 36 days · 98.2% of list · closed 08/06/26
5550 Owensmouth Ave #123$555,000
910 sqft · $610/sqft · 55 days · 97.0% of list · closed 06/22/26
Newer construction for reference: 2010 vintage, 21301 Erwin St
21301 Erwin St #228$565,000
1,050 sqft · $538/sqft · 21 days · 98.3% of list · closed 05/20/26
21301 Erwin St #420$690,100
1,160 sqft · $595/sqft · 11 days · 116.0% of list · closed 06/29/26
Address
Sold
SqFt
$/SqFt
DOM
% List
Closed
Matched set: two bed, two bath, 1987 vintage
5540 Owensmouth Ave #205
$480,000
920
$522
28
100.0%
07/16/26
5520 Owensmouth Ave #117
$490,000
920
$533
22
99.0%
07/31/26
5540 Owensmouth Ave #107
$496,000
920
$539
7
99.4%
07/21/26
5565 Canoga Ave #117
$510,000
920
$554
32
100.0%
08/05/26
5510 Owensmouth Ave #212
$525,000
920
$571
21
99.1%
07/31/26
5545 Canoga Ave #301
$530,200
910
$583
63
95.5%
07/24/26
21500 Burbank Blvd #329
$539,000
920
$586
36
98.2%
08/06/26
5550 Owensmouth Ave #123
$555,000
910
$610
55
97.0%
06/22/26
Newer construction for reference: 2010 vintage, 21301 Erwin St
21301 Erwin St #228
$565,000
1,050
$538
21
98.3%
05/20/26
21301 Erwin St #420
$690,100
1,160
$595
11
116.0%
06/29/26
The matched set closed between $480,000 and $555,000, at a median of $517,500 and $562 per square foot. Every one of those units measured 910 to 920 sqft, which is what makes a $525 per sqft ask on a 1,000 sqft plan worth studying.
Reading The Market
01
The first month carries the price
Of the 30 condos that closed in this radius, 57 percent went in 30 days or less at 101.2 percent of list. Sales that ran past 60 days averaged 93.9 percent.
02
The $525,000 search band
Buyers search in $25,000 bands. This sits at the ceiling of the $500,000 to $525,000 band. The next matched unit up is $535,000 at 80 fewer square feet.
03
Square footage without a price step
Active condos in the full pull average 993 sqft at $562 per sqft. This home matches that size and prices $37 per foot under it. The size edge is not priced in.
04
What newer construction costs
The 2010 product on Erwin St lists $629,000 to $695,000 and closed at $565,000 and $690,100. Roughly $100,000 more for 23 years newer at comparable footage.
Smart Questions Before You Write An Offer
What the $599 covers
Dues cover water, sewer, trash, building and grounds, plus the guard gate and amenities. Ask for the reserve study and the current funding percentage.
Pending or approved special assessments
A 1,279-unit association. Ask for the current assessment disclosure and the last two years of board minutes before contingencies come off.
Rental cap and owner-occupancy ratio
FHA and VA approval depends on the association holding its owner-occupancy ratio. Confirm the ratio, the rental cap, and that approval is active today.
Litigation and the master insurance policy
Ask for the litigation disclosure and the master policy declarations, including the deductible. Confirm where master coverage stops and walls-in starts.
Your Advisor
Marc Anthony Ebuen
Real Estate Advisor · Compass · DRE #02253753
Thirteen years in hotel operations, front desk through Director of Operations, before real estate. That background is why the questions above come first. Reserves, deferred maintenance, and how a board operates decide what ownership costs long after the purchase price is settled.