5108 Otis Avenue, Tarzana, California 91356, Tarzana, 91356 - 7 bed, 9 bath

5108 Otis Avenue, Tarzana, California 91356 home-pic-0
ACTIVE$4,200,000
5108 Otis Avenue, Tarzana, California 91356
7Beds
9Baths
7,644Sqft
15,004Lot
Year Built
2007
Close
-
List price
$4.2M
Original List price
$3.8M
Price/Sqft
$549
HOA
-
Days on market
-
Sold On
-
MLS number
SR25095358
Home ConditionGood
Features
Good View: Mountain(s), Neighborhood
Deck
ViewMountain(s), Neighborhood

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $4.20M(93th), sqft - 7644(99th), beds - 7(96th), baths - 9(98th).

Discover your private Mediterranean paradise in the prestigious South of the Boulevard neighborhood. This rare 2007 estate—just moments from Ventura Boulevard’s boutiques, cafés, shuls, freeways, and supermarkets—offers timeless elegance, generous space, and ultimate privacy. Set behind gates and surrounded by lush greenery, swaying palms, nine fruit trees, water-saving artificial turf, and a tranquil waterfall, this unique property boasts a spacious driveway, ample street parking, and room to add a pool. Inside, a dramatic two-story foyer with 25-foot ceilings opens to three living rooms, two formal dining areas, and seamless indoor-outdoor entertaining spaces. The chef’s kitchen features stainless-steel appliances, granite countertops, a large center island, and a walk-in pantry with garden views. Each bedroom is a private suite with walk-in closets and spa-style baths, including two downstairs suites and a bonus game room. Upstairs, four additional suites surround a cozy sitting area with fireplace. The master retreat includes its own fireplace, dual walk-in closets, balcony, wet bar, and a luxurious spa bath with Jacuzzi tub and steam shower. Additional features include four fireplaces, crown molding, and an attached garage. The tropical grounds are enhanced by a scenic roundabout, waterfall, and expansive turf, ideal for entertaining. A renovated 2-bedroom, 1-bath guesthouse (ADU) with private yard offers excellent potential for rental income, multigenerational living, or guest accommodations. Please note: Some listing images have been virtually remodeled for visual inspiration. These images do not reflect the property’s current physical condition. Buyers are encouraged to schedule a showing for an accurate view.

Nearby schools

3/10
Tarzana Elementary School
Public,K-51.0mi
3/10
Vanalden Avenue Elementary School
Public,K-51.5mi
6/10
Newcastle Elementary School
Public,K-51.9mi
8/10
Lanai Road Elementary School
Public,K-52.7mi
6/10
Gaspar De Portola Middle School
Public,6-80.4mi
5/10
William Mulholland Middle School
Public,6-82.6mi
3/10
William Mulholland Middle School
Public,6-82.7mi
5/10
Woodland Hills Charter Academy
Public,6-82.9mi
4/10
Reseda Senior High School
Public,9-121.9mi
Condition Rating
Good

This property, built in 2007, falls within the 10-20 year age range for a 'Good' condition score. The images and description indicate a well-maintained, move-in ready home with high-quality finishes from its era. The kitchen features stainless steel appliances, granite countertops, and traditional wood cabinetry, all in excellent condition but reflecting a 2007 luxury style rather than a recent, trend-driven renovation. Similarly, the spa-style bathrooms with marble/stone and traditional fixtures are luxurious and well-kept. While the ADU has been renovated, the main house retains its original high-end aesthetic. There are no signs of deferred maintenance or immediate renovation needs, aligning with the 'Good' criteria of functional systems and minimal wear and tear, without having undergone a full recent renovation.
Pros & Cons

Pros

Income-Generating ADU: A renovated 2-bedroom, 1-bath guesthouse with a private yard offers significant potential for rental income, multigenerational living, or guest accommodations.
Prime South of the Boulevard Location: Situated in a prestigious neighborhood, providing ultimate privacy and convenient access to Ventura Boulevard's upscale boutiques, cafes, religious centers, freeways, and supermarkets.
Grand & Luxurious Interior: Boasts a dramatic two-story foyer with 25-foot ceilings, multiple living and dining areas, a chef's kitchen, and six private bedroom suites, including a master retreat with a balcony, wet bar, and spa bath.
Expansive & Private Grounds: Gated property featuring lush landscaping, nine fruit trees, water-saving artificial turf, a tranquil waterfall, and ample space for parking and future pool addition.
Modern Construction & High-End Finishes: Built in 2007, this estate offers timeless elegance with modern amenities, including four fireplaces, crown molding, and an attached garage.

Cons

Virtual Staging Disclosure: The explicit note about virtually remodeled images not reflecting current physical condition may lead to buyer skepticism or disappointment upon viewing.
Aggressive Pricing Strategy: The current list price is higher than the original list price and slightly above the estimated market value, potentially indicating an aggressive pricing strategy or previous difficulty in selling.
No Existing Pool: Despite ample space, the property lacks an existing pool, which is a common expectation for luxury estates in Southern California and would require additional investment for installation.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state