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$7,350,000   Price Analysis
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5015 Otis Ave
Tarzana, CA 91356
6 bed 8 bath 8,215 SqFt ($894/SqFt)
0.67 acre lot. Built 2024
Listed 2024-04-16, Taxes $9,921
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Welcome a stunning and vast residence that epitomizes luxury living.

* Has Contingent Offer *

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 th at 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 recretion .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 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.


Presented by Ada Livyatan at
Rodeo Realty.


Property MLS #SR24075580 from CRMLS

Bedrooms: 6
Bedrooms On Main Level: 2

Total Bathrooms: 8
Full Bathrooms: 7
1/2 Bathrooms: 1
Bathrooms On Main Level: 3

Entry, Formal Entry, Foyer, Game Room, Home Theatre, Library, Living Room, Loft, Primary Bedroom, Office, Recreation, Walk-In Closet, Walk-In Pantry

Laundry Features: Individual Room, Upper Level

Cooling Features: Central Air
Fireplace Features: Fireplace: Yes
Heating Features: Central
Heating: Yes

Pool Features: Private, Heated
Pool Private: Yes
Spa Features: Spa: Yes, Spa Features: Private, Heated, In Ground

Lot Description: Lot 20000-39999 Sqft
Lot Size Acres: 0.6684
Lot Size Source: Assessor
Lot Size Square Feet: 29117

Garage Spaces: 3
Garage Description: Attached
Parking Total: 3

View: Neighborhood

School District: Los Angeles Unified

Nestle Avenue Charter School is a public elementary school located approximately 0.3 miles away.
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Gaspar De Portola Middle School is a public middle school located approximately 0.5 miles away.
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Taft Charter High is a public high school located approximately 2.1 miles away.
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The American University For Science And Technology is a private high school located approximately 0.5 miles away.
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Calculated Total Monthly Association Fees: 0

Community Features: Street Lights

Source Listing Status: Active Under Contract
County: Los Angeles
Directions: Ventura Blvd, South on Reseda, Left on Otis
Source Property Type: Residential
Area: TAR - Tarzana
Source Neighborhood: TAR - Tarzana
Parcel Number: 2184001024
Postal Code Plus 4: 4207
Zoning: LARA
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$243,267 + $560,134
$803,401
$9,921
2021$238,498 + $549,151
$787,649
$9,799
2020$236,053 + $543,521
$779,574
$9,895
2019$231,425 + $532,864
$764,289
$9,515
2018$226,888 + $522,416
$749,304
$9,317
2017$222,440 + $512,173
$734,613
$9,116
2016$218,079 + $502,131
$720,210
$8,893
2015$214,804 + $494,589
$709,393
$8,765
2014$210,597 + $484,901
$695,498
$8,807
2013$209,646 + $482,710
$692,356
$8,808
2012$205,536 + $473,246
$678,782
$8,905
2010$201,506 + $463,967
$665,473
$9,899
2009$151,155 + $604,632
$755,787
$9,544
2009$150,796 + $603,199
$753,995
$9,544
2008$148,192 + $592,777
$740,969
$9,136
2007$145,287 + $581,154
$726,441
$8,839

Listing removed 2024-04-17
$0
CRMLS
Listed 2024-04-16
$7,350,000
CRMLS
Listed 2024-01-03
$7,495,000
CRMLS
Listing removed 2020-01-31
$3,900
CRISNET
Listing removed 2019-09-03
$2,226,900
CRISNET
Listing removed 2019-09-03
$3,600
CRISNET
Listing removed 2019-09-03
$6,200
CRISNET
Listing removed 2019-09-03
$1,595,000
CRISNET
Listing removed 2013-12-18
$6,200
TheMLSCLAW
Listing removed 2013-12-18
$3,500
WestsideRentals
Listed for rent 2013-12-17
$3,500
WestsideRentals
Listed for rent 2013-12-16
$6,200
TheMLSCLAW
Listing removed 2013-11-08
$1,595,000
CRISNET
Price Changed 2013-08-26
$1,595,000
CRISNET
Listed 2013-08-04
$1,649,950
CRISNET
Listing removed 2012-09-05
$3,600
CRISNET
Listing removed 2012-09-01
$6,000
CRISNET
Price Changed for rent 2012-08-13
$3,600
CRISNET
Listed for rent 2012-08-01
$5,990
CRISNET
Listed for rent 2012-07-17
$6,200
CRISNET
Listing removed 2009-09-02
$2,226,900
SoCalMLS
Listing removed 2009-09-02
$2,226,900
CRISNET
Relisted 2009-08-30
$2,226,900
SoCalMLS
Listing removed 2009-02-22
$2,226,900
SoCalMLS
Listed 2008-06-03
$2,226,900
CRISNET
Listed 2008-06-03
$2,226,900
SoCalMLS
Sold 2002-11-04
$672,000
Public Record
Sold 1994-10-20
$350,000
Public Record
Sold 1964-09-14
$53,000
Public Record

Total Square Feet Living: 8215
Year Built: 2024
Common Walls: No Common Walls
Living Area Source: Taped
New Construction: Yes
Levels or Stories: Two
Building Total Stories: 1
Structure Type: House
Year Built Source: Builder

Sewer: Public Sewer
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.