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15129 Otsego Street, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 5 bed, 4 bath

15129 Otsego Street, Sherman Oaks, California 91403 home-pic-0
ACTIVE$1,999,000
15129 Otsego Street, Sherman Oaks, California 91403
5Beds
4Baths
3,335Sqft
6,873Lot

Price Vs. Estimate

The estimated value ($1,498,813.59) is $500,186.41 (25%) lower than the list price ($1,999,000). This property may be overpriced.

Key pros and cons

Top Pros:
Desirable Sherman Oaks Location: Situated in a highly sought-after Sherman Oaks neighborhood, offering excellent community amenities and accessibility.
Top Cons:
Potential Overpricing: The current list price of $1,999,000 is significantly higher than the estimated property value of $1,498,813, suggesting a potential overvaluation compared to market benchmarks.

Compared to the nearby listings

Price:$2.00M vs avg $2.10M ($-101,000)43%
Size:3,335 sqft vs avg 2,699.5 sqft63%
Price/sqft:$599 vs avg $81013%

More Insights

Built in 1991 (34 years old).
Condition: Built in 1991, this property is well-maintained but shows significant signs of being outdated in key areas. The kitchen features granite countertops but the dark wood cabinetry, terracotta-style floor tiles, and some appliances (oven/microwave) reflect an older aesthetic. All bathrooms are notably dated with tiled countertops, older vanity lighting, and gold-framed shower enclosures, indicating a need for substantial cosmetic updates. While the property is clean and functional with good hardwood flooring in some areas and recessed lighting, the overall style and features align with a home that has not undergone a major renovation in the last 15-20 years, fitting the 'fair' condition criteria.
Year Built
1991
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$599
HOA
-
Days on market
-
Sold On
-
MLS number
SR25093470
Home ConditionFair
Features
Pool
Spa
Patio
View-

About this home

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.

Condition Rating
Fair
Built in 1991, this property is well-maintained but shows significant signs of being outdated in key areas. The kitchen features granite countertops but the dark wood cabinetry, terracotta-style floor tiles, and some appliances (oven/microwave) reflect an older aesthetic. All bathrooms are notably dated with tiled countertops, older vanity lighting, and gold-framed shower enclosures, indicating a need for substantial cosmetic updates. While the property is clean and functional with good hardwood flooring in some areas and recessed lighting, the overall style and features align with a home that has not undergone a major renovation in the last 15-20 years, fitting the 'fair' condition criteria.
Pros & Cons

Pros

Desirable Sherman Oaks Location: Situated in a highly sought-after Sherman Oaks neighborhood, offering excellent community amenities and accessibility.
Spacious & Elegant Interiors: Features an expansive 3,335 sq. ft. layout with 5 bedrooms and 4 bathrooms, complemented by cathedral ceilings that enhance the sense of space and elegance.
Gourmet Kitchen: Equipped with a gourmet kitchen featuring granite countertops, a spacious center island, and a cozy dining area, ideal for culinary enthusiasts and entertaining.
Private Pool & Spa Backyard: Boasts a private backyard retreat with a sparkling swimming pool and spa, elegantly designed with paved stone accents, perfect for relaxation and outdoor entertaining.
Flexible Ground-Floor Bedroom: Includes a convenient ground-floor bedroom with a private bath, offering versatility for guests, in-laws, or a dedicated home office.

Cons

Potential Overpricing: The current list price of $1,999,000 is significantly higher than the estimated property value of $1,498,813, suggesting a potential overvaluation compared to market benchmarks.
Delayed AC Installation: A brand new air conditioning unit is scheduled for installation on May 31, 2025, meaning the property currently lacks a modern cooling system, which could be a discomfort during warmer months until the installation is complete.
Absence of Views: The property does not offer any notable views, which might be a consideration for buyers prioritizing scenic outlooks in the Sherman Oaks area.

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