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5162 Otis Ave, Tarzana, CA, 91356

$3,695,000

5 Bedrooms
6 Full Baths
4,847 SqFt
$762/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Driveway, Electric Gate, Garage
Garage2 spaces
Year Built2020
HeatingCentral
CoolingCentral Air
FireplaceFamily Room, Living Room, Primary Bedroom
ViewNone
MLS #24368775
Lot Size0.33 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 5162 Otis Ave

An exceptional blend of luxury and contemporary design, this newly constructed Modern Farmhouse offers an unparalleled living experience in the heart of Tarzana and south of Ventura Blvd. Boasting 5 spacious bedrooms/6 baths, and spanning 4,847 SF across a sprawling .33-acre lot, this residence epitomizes modern California living.Inside, discover European Oak flooring, designer lighting, and crisp crown molding adorning every corner of the expansive floor plan. A grand entrance welcomes you with a large farmhouse door, leading to a polished living room illuminated with natural light through clerestory windows and a stone fireplace. The elegance continues into the formal dining room, seamlessly connected to a gourmet Chef's kitchen equipped with stone countertops, a center island with a prep sink, farm sink, walk-in pantry, and top-of-the-line Thermador appliances. The elegant family room, comes complete with a custom built-in bar, linear stone fireplace, dedicated wine cellar, and pocket sliding doors that open to the private backyard oasis. Upstairs, a lavish primary suite awaits, featuring vaulted cathedral ceilings, a private balcony, fireplace, and dual walk-in closets. The spa-like primary bathroom offers a dual vanity, water closet, soaking tub, and a massive standing glass steam shower. Three additional bedrooms upstairs and a patio provide ample space for family or guests.Outside, the entertainment options are endless with a sparkling pool and spa featuring a waterfall, a covered patio for al fresco dining, a firepit, and an expansive manicured lawn. Luxury extends beyond the living spaces with pre-wired smart home systems, indoor/outdoor surround sound, and security cameras throughout. This exquisite property offers a luxurious lifestyle within close proximity to fine dining, shops, and more.

Property Details

Property Features

Property Information:

  • Architectural Style: Modern
  • Year Built: 2020
  • Stories: 1
  • Living Area: 4,847 SqFt

Listing Office:

  • Office Name: Carolwood Estates
  • Office Phone: (310) 623-3600
  • Listing Agent: Kristofer Everett-Einarsson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
  • Flooring Type: Wood
  • Interior: Walk-In Closet(s)
  • Fireplace: Family Room, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Door-Multi, Driveway, Electric Gate, Garage

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • William Howard Taft Charter High School, Public Charter Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Gaspar De Portola Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Nestle Avenue Charter, Public Charter Grades KG-5
  • Academy For Enriched Sciences, Public Magnet Grades 1-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: South of Ventura / North of Wells Dr

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,695,000
  • Price Per SqFt: $762/SqFt

Tax Information:

  • Annual Amount: $39,138
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

5162 Otis Ave vs Los Angeles

39 DAYS ON ROCKET

+5 Days

$3,695,000

+$2.7M More

$762/SqFt

+$134 More

KEY TAKEAWAY

This property is $2.7M more than the Median Sold Price and $134/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24368775

Listing Office:

  • Office Name: Carolwood Estates
  • Office Phone: (310) 623-3600
  • Listing Agent: Kristofer Everett-Einarsson

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 5:20:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 22, 2020Home Sold
$3,289,000
Oct 26, 2018Home Sold
$1,105,000

Tax History

YEARPROP. TAXASSESSMENT
2021$39,138$3,289,000
2020$13,294$1,127,100
2019$1,293$1,105,000
2018$1,265$94,758
2017$1,265$92,901

History based on county public records data.

Payment Calculator

$18.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$11.1K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1424061
8
/10

  • Nestle Avenue Charter

  • 5060 Nestle Ave

  • 0.37 miles

  • Public Charter Grades KG-5

school-card-donut-1424062
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 6.52 miles

  • Public Magnet Grades 1-5

school-card-donut-1424063
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 12.20 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-1424064
7
/10

  • Gaspar De Portola Middle School

  • 18720 Linnet St

  • 0.42 miles

  • Public Magnet Grades 6-8

school-card-donut-1424065
4
/10

  • Studio

  • 2211 W Avenue 30

  • 17.57 miles

  • Public District Grades 6-8

High School

school-card-donut-1424066
7
/10

  • William Howard Taft Charter High School

  • 5461 Winnetka Ave

  • 2.11 miles

  • Public Charter Grades 9-12

school-card-donut-1424067
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 2.62 miles

  • Public Magnet Grades 9-12

school-card-donut-1424068
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 20.48 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $90,000. Typical income of Los Angeles, CA residents is between $35k-100k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5162 Otis Ave

What is the listing price of this property?

The listing price of 5162 Otis Ave property is $3,695,000.

What type of property is this?

The property 5162 Otis Ave is a house located in Tarzana, California, 91356.

Is this property for sale now?

Accepting Backup Offers: 5162 Otis Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 5162 Otis Ave are:
Nestle Avenue Charter: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Gaspar De Portola Middle School: GreatSchools Rating 7/10
Studio: GreatSchools Rating 4/10
William Howard Taft Charter High School: GreatSchools Rating 7/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $39,138 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 22, 2020 for $3,289,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5162 Otis Ave has 5 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 5162 Otis Ave is 4,847 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5162 Otis Ave is 2020.
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Rocket Homes›California›Los Angeles County›Los Angeles›91356›5162 Otis Ave

This home is located at 5162 Otis Ave in Tarzana, CA and zip code 91356 in the Tarzana neighborhood. This 4,847 square foot home, which was built in 2020, sits on a 0.33 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 19, 2024 and is currently priced at $3,695,000.

Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between February 2024 and March 2024 increased by 10.8%. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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