15129 Otsego Street, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 5 bed, 4 bath
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15129 Otsego Street
Sherman Oaks, California 91403
ACTIVE
CONDITION: FAIR
5Beds
4Baths
3,335Sq Ft
6,873Lot Size
Property Price
LIST PRICE$1,799,000
EST. MARKET VALUE
$1,956,654
8% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $1,799,000—positioned well below the $1,956,654 Fair Market Value by 8%. This valuation gap provides $157,654 in Instant Equity for the buyer. While the home maintains a Condition Rating of 4, the expansive 3,335 sq. ft. floor plan, Gourmet Kitchen, and private Swimming Pool and Spa offer significant potential for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable Sherman Oaks estate.
Estimated Market Value
$1,956,654+$157,654 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Sherman Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15129 Otsego Street Subject | $1,799,000* List Price | 5 | 4 | 3,335 | $587 | - |
A 14620 Addison Street Sold | $1,515,000 | 4 | 3 | 2,452 | $618 | 0.7 mi |
B 14755 Valleyheart Drive Active | $1,449,000 List Price | 5 | 3 | 2,540 | $570 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1991, the property is over 30 years old and largely retains its original aesthetic. While the HVAC system is brand new (2025) and the home is clean and functional, the kitchen and bathrooms are significantly dated with 90s-style oak cabinetry, green tile countertops, and gold-framed showers, fitting the criteria for a home needing updates.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Floor Plan
The expansive 3,335 sq. ft. layout features cathedral ceilings and a convenient ground-floor bedroom with a private bath, perfect for guests, in-laws, or a professional home office.
- Private Outdoor Oasis
The backyard is a premier entertainment space, featuring a sparkling swimming pool, integrated spa, and elegant stone paving that offers a low-maintenance yet luxurious retreat.
- Modern Infrastructure
Built in 1991 and recently upgraded with a brand-new air conditioning unit in May 2025, the home provides contemporary structural standards and essential climate reliability.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6873, other record lot size in square feet = 6956. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Lack of Views
The property is noted as having no significant views, which may be a disadvantage for buyers specifically looking for the hillside or city light vistas common in parts of Sherman Oaks.
- High Lot Coverage
With a large 3,335 sq. ft. residence and a pool occupying a 6,873 sq. ft. lot, there is limited traditional green space or lawn area for gardening and play.
About 15129 Otsego Street
Discover Your Dream Home in the Heart of Sherman Oaks! Step into this expansive 5-bedroom, 4-bathroom residence nestled in the highly sought-after Sherman Oaks neighborhood. Offering 3,335 sq. ft. of beautifully designed living space, this home is perfect for families, entertainers, and those looking to add their personal touch. Cathedral ceilings in the living areas create a breathtaking sense of space and elegance, while the gourmet kitchen features granite countertops, a spacious center island, and a cozy dining area—ideal for gatherings both big and small. A convenient ground-floor bedroom with its own private bath provides flexibility for guests, in-laws, or a stylish home office. Brand new air conditioning unit installed on May31, 2025. Additional features include a dedicated laundry room and a 2-car attached garage with direct access for ultimate convenience. Step outside to your private backyard retreat, where a sparkling swimming pool and spa invite you to unwind in style. The backyard is elegantly designed with beautifully paved stone accents, offering the perfect setting for outdoor entertaining or peaceful relaxation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 6,873 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,335 | 2,301.595 |
| Lot Size | 6,873 | 7,836.892 |
| Price | $1.80M | $1.78M |
| Price per sq ft | $539 | $827 |
| Built year | 1991 | 1954 |
| HOA | $0 | $170 |
| Days on market | 8 | 58 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,799,000
Initial Listing
Sold
Mar 11, 2004
$750,000
Public Record
Sold
Feb 14, 2003
$580,000
Public Record
Sold
Feb 17, 1995
$340,000
Public Record