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Sold for $6,870,000
  • Listed by: Rodeo Realty • Adi Livyatan • Contact: 818-285-3220
    Bought with: The Agency
    Tax assessed value
    $6,870,000

    5015 Otis Ave, Tarzana, CA 91356

    6beds
    8,215sqft
    Single Family Residence
    Built in 2024
    0.67 Acres Lot
    $7,632,800 Zestimate®
    $836/sqft
    $7,501 Estimated rent

    Home value

    $7,632,800

    $6.79M - $8.47M

    $7,501/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Adi Livyatan DRE #01892750 818-919-4060,

    Rodeo Realty,

    Shirli Depas DRE #02000171,

    Rodeo Realty

    Bought with:

    Cody Thompson, DRE #01928448

    The Agency

    Jon Grauman, DRE #01469825

    The Agency

    Source: CRMLS,MLS#: SR24075580MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 8
    • Full bathrooms: 7
    • 1/2 bathrooms: 1
    • Main level bathrooms: 3
    • Main level bedrooms: 2
    Rooms
    • Room types: Entry/Foyer, Foyer, Game Room, Library, Loft, Living Room, Primary Bedroom, Media Room, Office, Other, Pantry, Recreation
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Room, Upper Level
    Features
    • Entrance Foyer, Loft, Walk-In Pantry, Walk-In Closet(s)
    • Has fireplace: Yes
    • Fireplace features: Living Room, Primary Bedroom
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 8,215 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Attached
    • Attached garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 0
    • Has private pool: Yes
    • Pool features: Heated, Private
    • Has spa: Yes
    • Spa features: Heated, In Ground, Private
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 0.67 Acres
    Details
    • Parcel number: 2184001024
    • Zoning: LARA
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: Yes
    • Year built: 2024

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights
    Location
    • Region: Tarzana

    Financial & listing details

    • Price per square foot: $836/sqft
    • Tax assessed value: $6,870,000
    • Annual tax amount: $82,086
    • Date on market: 4/16/2024
    • Cumulative days on market: 178 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract

    Price history

    DateEventPrice
    7/31/2024Sold$6,870,000-6.5%$836/sqft
    Source: CRMLS #SR24075580 Report a problem
    7/1/2024Contingent$7,350,000$895/sqft
    Source: CRMLS #SR24075580 Report a problem
    4/16/2024Listed for sale$7,350,000+360.8%$895/sqft
    Source: CRMLS #SR24075580 Report a problem
    2/24/2021Listing removed--
    Source: Owner Report a problem
    8/20/2020Listing removed$5,700$1/sqft
    Source: Owner Report a problem
    7/15/2020Listed for rent$5,700+62.9%$1/sqft
    Source: Owner Report a problem
    1/26/2020Listing removed$3,500
    Source: Owner Report a problem
    12/8/2019Price change$3,500-6.7%
    Source: Owner Report a problem
    11/14/2019Price change$3,750-5.1%
    Source: Owner Report a problem
    10/5/2019Price change$3,950+1.3%
    Source: Owner Report a problem
    9/10/2019Price change$3,900-16.1%
    Source: Rodeo Realty #SR19209911 Report a problem
    7/23/2019Listed for rent$4,650-25%$1/sqft
    Source: Owner Report a problem
    11/9/2013Listing removed$1,595,000$194/sqft
    Source: Peak Realty Co #SR13155177 Report a problem
    8/23/2013Price change$1,595,000-3.3%$194/sqft
    Source: Peak Realty Co #SR13155177 Report a problem
    8/6/2013Listed for sale$1,649,950+159.2%$201/sqft
    Source: Peak Realty Co #SR13155177 Report a problem
    9/7/2012Listing removed$6,200$1/sqft
    Source: Panorex Realty,Inc. #F12089100 Report a problem
    7/22/2012Listed for rent$6,200+82.4%$1/sqft
    Source: Panorex Realty,Inc. #F12089100 Report a problem
    7/17/2011Listing removed$3,400
    Source: Panorex Realty,Inc. #F11081702 Report a problem
    6/28/2011Listed for rent$3,400
    Source: Panorex Realty,Inc. #F11081702 Report a problem
    2/28/2011Listing removed$3,400
    Source: Panorex Realty,Inc. #F11019055 Report a problem
    2/16/2011Listed for rent$3,400
    Source: Panorex Realty,Inc. #F11019055 Report a problem
    5/27/2010Sold$636,500-71.4%$77/sqft
    Source: Public Record Report a problem
    7/19/2009Listing removed$2,226,900$271/sqft
    Source: Re/Max Grand Central #F1769740 Report a problem
    8/23/2008Listed for sale$2,226,900+231.4%$271/sqft
    Source: Listhub #F1769740 Report a problem
    11/4/2002Sold$672,000$82/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$82,086 +676.4%$6,870,000 +721.9%
    2024$10,572 +1.9%$835,856 +2%
    2023$10,373 +4.6%$819,468 +2%
    2022$9,921 +1.2%$803,401 +2%
    2021$9,800 -1%$787,649 +1%
    2020$9,896 $779,574 +2%
    2019$9,896 +6.2%$764,289 +2%
    2018$9,318 $749,304 +2%
    2017$9,318 +2.2%$734,613 +2%
    2016$9,116 +2.5%$720,210 +1.5%
    2015$8,893 +1%$709,393 +2%
    2014$8,808 $695,498 +2.5%
    2012-- $678,782 +2%
    2011-- $665,473 -11.7%
    2010-- $753,995 -0.2%
    2009-- $755,787 +2%
    2008-- $740,969 +2%
    2007-- $726,441 +2%
    2006-- $712,198
    2005-- $712,198 +4%
    2004-- $684,545 +1.9%
    2003-- $672,000 +68.9%
    2002-- $397,951 +4%
    2000-- $382,500
    Find assessor info on the county website

    Neighborhood: Tarzana

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $7,632,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $7,632,800