5015 Otis Ave, Tarzana, CA 91356
FOR SALENEW CONSTRUCTION0.67 ACRES
Listed by Adi Livyatan, Rodeo Realty, (818) 990-0454

5015 Otis Ave
Tarzana, CA 91356

Tarzana
  • 6 Beds
  • 8 Baths
  • 8,215 sqft (on 0.67 acres)
  • 6 Beds
  • 8 Baths
  • 8,215 sqft (on 0.67 acres)

$7,350,000

Est. Mortgage $46,497/mo*
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We estimate this home will sell faster than 87% nearby.

Local Information

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Description

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.

Home Highlights

Parking
3 Car Garage
Outdoor
Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
$895
Listed
11 days ago

Home Details for 5015 Otis Ave

Interior Features

Beds & Baths
Number of Bedrooms: 6Main Level Bedrooms: 2Number of Bathrooms: 8Number of Bathrooms (full): 7Number of Bathrooms (half): 1Number of Bathrooms (main level): 3
Dimensions and Layout
Living Area: 8215 Square Feet
Appliances & Utilities
Laundry: Laundry Room,Upper Level
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Living Room, Master BedroomSpa: Private, Heated, In GroundHas a FireplaceHas a Spa
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: TwoEntry Location: 0
View
Has a ViewView: Neighborhood

Exterior Features

Exterior Home Features
Has a Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Has a GarageHas an Attached GarageParking Spaces: 3Parking: Garage Attached
Pool
Pool: Private, HeatedPool
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 11

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Is a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 2184001024

Price & Status

Price
List Price: $7,350,000Price Per Sqft: $895

Active Status

MLS Status: Active

Location

Direction & Address
City: Tarzana
School Information
High School District: Los Angeles Unified

Agent Information

Listing Agent
Listing ID: SR24075580

Community

Community Features: Street LightsNot Senior Community

HOA

Association for this Listing: California Regional MLSNo HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.67 acres

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: SR24075580Attribution Contact: 818-919-4060

Additional Information

Street Lights
Last check for updates: 1 day ago
Listing Provided by: Adi Livyatan DRE #01892750, (818) 919-4060
Rodeo Realty
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SR24075580

Price History for 5015 Otis Ave

DatePriceEventSource
04/16/2024$7,350,000Listed For SaleCRMLS #SR24075580
04/16/2024$7,495,000ListingRemovedCRMLS #SR23224775
01/03/2024$7,495,000Listed For SaleCRMLS #SR23224775
11/09/2013$1,595,000ListingRemovedAgent Provided
08/23/2013$1,595,000PriceChange
Agent Provided
08/06/2013$1,649,950Listed For SaleAgent Provided
05/27/2010$636,500Sold
N/A
07/19/2009$2,226,900ListingRemovedAgent Provided
08/23/2008$2,226,900Listed For SaleAgent Provided
11/04/2002$672,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$10,373
Assessment$819,468
Home facts updated by county records

Comparable Sales for 5015 Otis Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4935 Avenida Oriente, Tarzana, CA
0.12
Single-Family Home
$3,134,375
05/10/23
5
7
5,365
4916 Avenida Oriente, Tarzana, CA
0.15
Single-Family Home
$3,300,000
11/28/23
5
7
6,300
5165 Avenida Hacienda, Tarzana, CA
0.26
Single-Family Home
$6,199,000
03/08/24
7
8
6,903
18425 Wells Dr, Tarzana, CA
0.15
Single-Family Home
$2,425,000
10/17/23
5
6
4,752
5069 Avenida Oriente, Tarzana, CA
0.22
Single-Family Home
$2,238,000
07/05/23
5
5
4,529
5015 Amigo Ave, Tarzana, CA
0.22
Single-Family Home
$2,420,500
06/07/23
5
6
4,477
18319 Linnet St, Tarzana, CA
0.37
Single-Family Home
$2,690,600
06/27/23
6
6
4,707
4807 Brewster Dr, Tarzana, CA
0.40
Single-Family Home
$1,128,750
05/24/23
3
3
3,436
18045 Rancho St, Encino, CA
0.63
Single-Family Home
$4,400,000
06/02/23
5
7
5,927

Neighborhood Overview

Tarzana
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Tarzana

  • Trulia User
    "I think it is important for parents to know that Encino is a very nice place to live , but it also requires diligence to keep it this way as every part of LA has the potential for “petty crime” and issues with the homeless, so it takes a community to solve these issues that do sometimes appear in Encino. "
    1
    Flag
  • Trulia User
    "They would like the park and the quiet streets The wouldn’t like the rude owners that don’t pick up after their dogs and the lack of sidewalks on some streets "
    0
    Flag
  • Trulia User
    "Great schools near by Neighbors look out for each other Safe park for children to play in near by Pets are friendly in the neighborhood "
    0
    Flag
  • Trulia User
    "They would like the close parks in proximity to the neighborhood anole with other dogs that are friendly and on leashes "
    0
    Flag
  • Trulia User
    "Very safe and suburban. Easy for raising a family given restaurants and kid activities. The schools are all above average with a mix of public, charter and private options all nearby. "
    0
    Flag
  • Trulia User
    "It’s close to some bad areas, people drive far too fast for kids to be outside. There are people wandering the streets at night who scream to themselves "
    0
    Flag
  • Trulia User
    "Every night helicopters buzz around for at least a half hour, and there are all these celebratory loud bangs"
    0
    Flag
  • Trulia User
    "Has a bus line that is close but the homeless abuse the transportation and It is not always safe however there are other bus lines that are safer to use but they are timed too far apart and don’t always run on schedule "
    0
    Flag
  • G.Vitte
    "This area rapidly becoming Valley equivalent of best residential areas like Beverly Hill, parts of West LA, Brentwood, Pacific Palisades It’s secluded but close to all great venues and good schools The neighbors are a predominantly friendly and open minded, very respectful about each other privacy "
    7
    Flag
  • Zhanna_ko
    "There are tons of families with pets. Very family oriented neighborhood with high end homes for the most park and quite safe"
    2
    Flag
  • J
    "Orange line is 2 blocks away and it takes 1.5hrs to get to downtown LA. There are many small dog owners and homelessness is rising. "
    2
    Flag
  • Aayaat S. R.
    "TarzAna is low key peaceful and calm your kids can play outside it’s amZingly safe we have our amazing west valley police station so hard at work to protect us and neighborhood watch to keep us safer ."
    4
    Flag
  • DawnRoberts86
    "it can be dangerous in certain parts of tarzana. Very transient neighborhood depending on how close you are to the 101"
    1
    Flag
  • DawnRoberts86
    "it can be a dangerous area depending on where you live. you need to have a car for reliable transportation as well."
    5
    Flag
  • Tg
    "Close distance to shops and freeways. Next to golf club and nature parks. The homes values are increasing every quarter with new families moving in do to the great schools. "
    11
    Flag
  • Unspecified
    "I see people walking service dogs only, most neighbors don’t like dogs around. This could be better if the apartments allow dogs."
    3
    Flag
  • Weston F.
    "never been to any local events however it's not that far of a drive to woodland hills or even Santa Monic plus downtown LA."
    0
    Flag
  • Samantha L. L.
    "Varied cultures, very walkable and great hikes up in the hills. I do feel safe here, homeless population is growing and I wish I could do more to help. Single mum raiding two kids is no easy task that’s for sure.. I’d love more community here."
    14
    Flag
  • Laurel
    "Meetings to discuss neighborhood issues. Strong sense of community. Strong relationship with local police."
    0
    Flag
  • Laurel
    "We didn’t raise children here, so not as knowledgeable about things for kids. There are some nice parks in Woodland Hills and Encino though. "
    0
    Flag
  • Jimmyvalencia0618
    "It’s a great place no violence, just parking problems. If you have no assigned parking good luck trying to find parking in the streets especially on Collins and Reseda "
    7
    Flag
  • Remodelms
    "Nice and peaceful Close to shopping centers in to the freeways very nice area to live in Very nice place for kids "
    0
    Flag
  • Myrna
    "everything is close by, great neighborhood,great schools, great restaurants,coffeeplaces to hang around. "
    0
    Flag
  • Cortni S.
    "Although I drive everywhere, plenty of things are within walking distance. Restaurants, stores, banks, hospitals, coffee shops, and bars are all within walking distance."
    0
    Flag
  • Nancy C.
    "I love the location. Close to Sherman oaks and Calabasas Friendly businesses. Pretty neighborhoods. Most streets are all custom homes old and new."
    3
    Flag
  • Jocelyn M.
    "Rude people who think they are better than everyone else. Secluded but... with the wrong type of people. "
    10
    Flag
  • Jen S.
    "I see people walking dogs all the time which is nice. But also I hear dogs barking all of the time. "
    1
    Flag
  • neighbor
    "Almost all neighbors have dogs. The barking is beneficial and never any issues too early or too late. Dogs are often walked along these streets, the occasional coyote and raccoons and thieving squirrels that no dog can apparently scare- the coyote issue is rare, i believe most of us haze if we find but they are often too fast, and since displaced by fires and during mating season more are around so people do need to beware at all hours."
    2
    Flag
  • Matt R.
    "I've been living in the area for a year and half and I found it very safe, friendly neighbours and great location for family"
    4
    Flag
  • Jean P. H.
    "I live about 12 minutes from work and my son goes to school in northridge. Traffic in the morning is ok but has been getting worse. "
    1
    Flag
  • Lisa P. L.
    "No community events, but it would be nice if there were. I would just like if neighbors were out and friendlier."
    0
    Flag
  • Natasha R.
    "N/a no community events. Just love that it’s super animal friendly and each complex is different and unique "
    1
    Flag
  • Aalia R.
    "I’m visiting. It’s suburban but can walk along the sidewalks. People are friendly. Convenient to freeways. "
    8
    Flag
  • Akhare_dude
    "Safe... Quiet friendly calm... Hilly, great walks.. Lots of trees... kid friendly... neighborhood watch"
    5
    Flag

LGBTQ Local Legal Protections

Adi Livyatan, Rodeo Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
5015 Otis Ave, Tarzana, CA 91356 is a 6 bedroom, 8 bathroom, 8,215 sqft single-family home built in 2024. 5015 Otis Ave is located in Tarzana, Tarzana. This property is currently available for sale and was listed by CRMLS on Apr 16, 2024. The MLS # for this home is MLS# SR24075580.