4 months on rocket

5320 Otis Ave, Tarzana, CA, 91356

$1,995,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
2,834 SqFt
$704/SqFt
House

Location

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5320 Otis Ave, Los Angeles$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Direct Access, Driveway, Garage, Side By Side
Attached Garage2 spaces
Year Built1999
HeatingCentral
CoolingCentral Air
FireplaceFamily Room, Living Room, Primary Bedroom
ViewNone
Private PoolYes
MLS #24414003
Lot Size0.17 Acres
StatusActive

About 5320 Otis Ave

Gorgeous turnkey 5 Bd 3 Ba pool home in prime Tarzana, South of the Blvd, steps from shops, restaurants & a multitude of amenities. The meticulously cared for home features high ceilings, hardwood floors and an open entertainer's layout. Updated with a designer's eye including gorgeous remodeled chef's kitchen with top stainless appliances. Dramatic 2sty living room with stacked-stone fireplace opens to the dining room and family room which then flows out to the lush extra-deep private yard with turf, patio, quaint cabana, gated pool/spa, and a mature hedge of bountiful bougainvillea. 4 bedrooms upstairs including a phenomenal primary suite with large sitting room, walk-in closet, double-sided fireplace, and luxe bath with dual vanities. Downstair bed with bath is ideal for multigenerational living. Direct-access 2 car garage for privacy and security. Unbeatable walkable location close to markets, shopping, private and public schools, houses of worship and easy freeway access.

Property Details

Property Features

Property Information:

  • Year Built: 1999
  • Stories: 2
  • Living Area: 2,834 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5478
  • Listing Agent: Michael Libow

Interior Features

Interior Information:

  • Flooring Type: Wood
  • Interior: Breakfast Bar, High Ceilings, Two Story Ceilings, Walk-In Closet(s)
  • Fireplace: Family Room, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Door-Multi, Direct Access, Driveway, Garage, Side By Side

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: S. of Ventura Blvd / E. of Reseda Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000
  • Price Per SqFt: $704/SqFt

Tax Information:

  • Annual Amount: $11,427
  • Tax Year: 2021
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Housing Market Comparison

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

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

5320 Otis Ave vs Los Angeles

128 DAYS ON ROCKET

+90 Days

$1,995,000

+$971.5K More

$704/SqFt

+$63 More

KEY TAKEAWAY

This property is $971.5K more than the Median Sold Price and $63/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: #24414003

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5478
  • Listing Agent: Michael Libow

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: 11/17/2024, 1:20:53 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

Oct 10, 2003Home Sold
$718,000
Jul 05, 2000Home Sold
$460,000
Mar 18, 1999Home Sold
$1,500,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,427$943,091
2020$11,085$933,422
2019$10,989$915,120
2018$10,749$897,178
2017$10,749$879,587

History based on county public records data.

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Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

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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.

Nearby Schools

school-card-donut-505569
6
/10

  • Nestle Avenue Charter

  • 5060 Nestle Ave

  • 0.47 miles

  • Public Charter Grades PK-5

school-card-donut-505570
8
/10

  • Wilbur Charter for Enriched Academics

  • 5213 Crebs Ave

  • 0.59 miles

  • Public Charter Grades KG-5

school-card-donut-505571
5
/10

  • Tarzana Elementary

  • 5726 Topeka Dr

  • 0.79 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,798. The majority of Los Angeles, CA residents have income between $35k-100k annually. Most families are single, 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 5320 Otis Ave

What is the listing price of this property?

The listing price of 5320 Otis Ave property is $1,995,000.

What type of property is this?

The property 5320 Otis Ave is a house located in Tarzana, California, 91356.

Is this property for sale now?

Active Listing: 5320 Otis Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $11,427 (source: MLS/based on county public records data).

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

The last sale was on October 10, 2003 for $718,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5320 Otis Ave has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5320 Otis Ave is 2,834 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5320 Otis Ave is 1999.

Rocket Homes›California›Los Angeles County›Los Angeles›91356›5320 Otis Ave

This home is located at 5320 Otis Ave in Tarzana, CA and zip code 91356 in the Tarzana neighborhood. This 2,834 square foot home, which was built in 1999, sits on a 0.17 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 12, 2024 and is currently priced at $1,995,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

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

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