16501 Mulholland Drive, Los Angeles, California 90049, Los Angeles, 90049 - 8 bed, 12 bath
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Los Angeles, California 90049
Analysis of 16501 Mulholland Drive, Los Angeles, California 90049 is currently available with a list price of $10,700,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1981, this property is exceptionally well-maintained with extensive luxury amenities like a pool, spa, and tennis court. However, the interior, particularly the kitchen and bathrooms, exhibits a distinctly dated 1980s/early 1990s aesthetic. The kitchen features older-style wood cabinetry, dated granite countertops, and appliances that, while likely high-end for their time, are not current professional-grade (e.g., white/almond double ovens). Bathrooms showcase traditional gold-toned fixtures, dated tile patterns, and opulent but outmoded stone finishes. Flooring throughout includes parquet and patterned tile, which are also dated. While functional and in good repair, the property requires significant cosmetic updates to meet contemporary luxury standards, aligning with the 'Fair' category's description of an aged but maintained home with functional but outdated major components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 128844, living area = 11325.
The property boasts a comprehensive suite of luxury amenities including a pool/spa, tennis court, gourmet kitchen with professional-grade appliances, custom wet bar, and meticulously landscaped gardens, offering a resort-like lifestyle.
Sited discreetly beyond a gated entry on a vast 2.96-acre lot, the estate ensures unparalleled seclusion and security, a premium feature in this desirable location.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 11325, other record living area = 7125. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 6.
Built in 1981, while described as sophisticated, the property may require significant investment for system updates (e.g., HVAC, plumbing, electrical) to meet modern luxury standards, as no comprehensive recent renovation is explicitly mentioned.
The expansive size (11,325 sqft main house, 4,151 sqft guest house) and extensive amenities (pool, tennis court, large gardens) will result in substantial ongoing maintenance, utility, and property tax expenses.
Sited discreetly beyond a gated entry, this 8-bed, 12-bath stately treasure of a home offers a rare single-story paradise designed with an eye for the utmost in tranquility and sophistication throughout. Upon entering, you are greeted by a formal living room with an elegant fireplace showcasing a detailed custom mantel. An elegant hall leads you directly into an impressive sun-soaked family room with vaulted ceilings accompanied by a custom wooden wet bar. You will find an oversized formal dining room with a crystal chandelier and windows that infuse an abundance of natural light. A gourmet kitchen with a center island is highlighted by professional-grade appliances and a breakfast nook with french doors that open to the outdoor oasis featuring, landscaped gardens, a pool/spa with breathtaking views overlooking the entire valley, tennis court, and a 4,151 sqft detached guest house. Conveniently close to top-rated schools, world-class dining and entertainment. This is the perfect home for the California lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 98% |
| Baths | 12.0 | 4.0 | 98% |
| Square foot | 11,325 | 3,092.5 | 96% |
| Lot Size | 128,844 | 11,235.5 | 98% |
| Price | $10.70M | $3.88M | 87% |
| Price per sq ft | $945 | $1.3K | 15% |
| Built year | 1981 | 1955 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 197 | 15% |
Jan 20, 2026
$10,700,000
Initial Listing