5015 Otis Ave, Tarzana, CA 91356
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5015 Otis Ave Tarzana, CA 91356

$7,350,000
  • 6 Beds
  • 7.5 Baths
  • 8,215 Sq.Ft.
For Sale
$7,350,000 Get Pre-Qualified

Map preview of 5015 Otis Ave, Tarzana, CA 91356

Property Overview: 5015 Otis Ave Tarzana, CA has 6 bedrooms, 7.5 bathrooms, 8,215 living square feet and 29,117 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome a stunning and spacious residence that epitomizes luxury living. This exquisite property boasts 6 bedrooms and 7.5 baths, spread across an impressive 8,215 square feet of meticulously designed living space. Situated on a sprawling 29,000 square feet lot, this home offers a rare blend of opulence and functionality. As you step inside, you'll be greeted by an abundance of natural light that effortlessly illuminates the open floor plan, creating a warm and inviting atmosphere throughout the home. The thoughtful design seamlessly integrates modern living with timeless elegance, providing the perfect backdrop for both relaxation and entertainment. The gourmet kitchen is a chef's dream, featuring top-of-the-line appliances, custom cabinetry, and exquisite finishes that elevate the culinary experience. Whether hosting intimate gatherings or grand celebrations, this kitchen is sure to impress even the most discerning of chefs. One of the standout features of this property is the detached ADU, providing additional flexibility for guest accommodations, a home office, or rental income potential. The half basketball court is a sports enthusiast's delight, offering the perfect space for friendly games or solo practice sessions. For movie enthusiasts, the dedicated movie theatre promises a cinematic experience in the comfort of your own home. Imagine enjoying your favorite films with family and friends in a private and luxurious setting. Step outside to discover a paradise of outdoor living, with a generous lot that includes lush landscaping, a half basketball court, and ample space for outdoor activities. The meticulous attention to detail extends to the outdoor areas, creating an oasis for relaxation and recreation .Every inch of this estate has been thoughtfully designed with premium finishes, from the flooring to the fixtures, ensuring a cohesive and elegant aesthetic. This residence is not just a home; it's a statement of refined living. Don't miss the opportunity to call 5015 Otis your home a place where luxury, comfort, and entertainment converge to create an unparalleled living experience. Schedule your private tour today and discover the epitome of sophisticated real estate.

Listed by Adi Livyatan | BRE #01892750 | Rodeo Realty
Last checked: 14 minutes ago | Last updated: April 26th, 2024 | Source CRMLS | DOM: 7
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Home details

Lot Sq. Ft
29,117
HOA Dues
$0/mo
Year built
2024
Garage
3 Car
Property Type:
Single Family Home
Status
Active
MLS#
SR24075580
City
Tarzana
County
Los Angeles
Time on Site
14 days

Open Houses for 5015 Otis Ave

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Property Details for 5015 Otis Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room, Upper Level
Fireplace Information
  • Has Fireplace
  • Living Room, Primary Bedroom
Room Information
  • Downstairs Bedrooms: 2
  • Downstairs Bathrooms: 3
  • Entry, Formal Entry, Foyer, Game Room, Home Theatre, Library, Living Room, Loft, Primary Bedroom, Office, Recreation, Walk-In Closet, Walk-In Pantry
Bathroom Information
  • # of Baths (Full): 7
  • # of Baths (1/2): 1
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: Private, Heated, In Ground
Exterior Features
  • Has Pool
  • Pool Features: Private, Heated
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Attached Garage
Lot Information
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 2184001024
  • Year Built Source: Builder
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: Ventura Blvd, South on Reseda, Left on Otis
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Tarzana Agent

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Sale History for 5015 Otis Ave

Last sold for $636,500 on May 27th, 2010
  • April, 2024

  • Apr 16, 2024

    Date

    Canceled

    CRMLS: SR23224775

    $7,495,000

    Price

  • Jan 3, 2024

    Date

    Active

    CRMLS: SR23224775

    $7,495,000

    Price

  • Listing provided courtesy of CRMLS

  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: SR24075580

    $7,350,000

    Price

  • November, 2019

  • Nov 1, 2019

    Date

    Expired

    CRMLS: SR19209911

    $3,900

    Price

  • Oct 4, 2019

    Date

    Withdrawn

    CRMLS: SR19209911

    $3,900

    Price

  • Sep 10, 2019

    Date

    Price Change

    CRMLS: SR19209911

    $3,900

    Price

  • Sep 3, 2019

    Date

    Active

    CRMLS: SR19209911

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    Large corner lot. House is in move in condition. Great location at an incredible price!!

  • May, 2010

  • May 27, 2010

    Date

    Sold (Public Records)

    Public Records

    $636,500

    Price

  • November, 2002

  • Nov 4, 2002

    Date

    Sold (Public Records)

    Public Records

    $672,000

    Price

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Tax History for 5015 Otis Ave

Assessed Value (2020): $779,574
Year Land Value Improved Value Assessed Value
2020 $543,521 $236,053 $779,574

Home Value Compared to the Market

This property vs the competition

5015 Otis Ave is listed 320% higher than the median list price for the city of Tarzana which has a median list price of $1,750,000. The median price per/sqft for Tarzana is $600 and this home is listed at $894.7 per/sqft which puts the price per square foot 49.12% higher than the median price per square foot for the city of Tarzana.

About 5015 Otis Ave

Detailed summary of property

5015 Otis Ave is a single family home located in Tarzana, CA 91356 and is currently for sale. This house offers 6 bedrooms, 7.5 bathrooms, roughly 8,215 living square feet, and sits on an approximately 29,117 square foot lot. 5015 Otis Ave was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $7,350,000. The median priced home in Tarzana is $1,750,000 with a median price per square foot of $600. Based on Ardent Real Estate Group's Tarzana Market Data, this home is listed 320% higher than the median priced home. Local competing homes currently for sale include 10917 Savona Rd, 1047 Somera Rd and 491 Homewood Rd. While the average home in Tarzana, CA is selling in 78 days, 5015 Otis Ave has a days on market of 7 days. There are currently 114 homes for sale in the Tarzana real estate market and 78 of them are single family homes while 27 of them are condos and 9 are townhomes. For more information on this home for sale at 5015 Otis Ave Tarzana, CA 91356 contact Ardent Real Estate Group and we will put you in touch with one of our Tarzana agents.

Public Facts for 5015 Otis Ave

Public county record property details
Beds
2
Baths
2
Year built
1941
Sq. Ft.
1,858
Lot Size
29,277
Stories
--
Type
Single Family Residential
Pool
Yes
Spa
No
County
Los Angeles
Lot#
93
APN
2184-001-024

The source for these homes facts are from public records.

91356 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,889,000
Median List Price/Sq.Ft.
$611
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$524
Total Inventory
102
Median Sale to List Price %
101.94%
Avg Days on Market
32
Loan Type
Conventional (31.82%), FHA (4.55%), VA (0%), Cash (22.73%), Other (18.18%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.