16560 Park Lane Circle, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 4 bath

16560 Park Lane Circle, Los Angeles, California 90049 home-pic-0
ACTIVE$3,695,000
16560 Park Lane Circle, Los Angeles, California 90049
4Beds
4Baths
4,409Sqft
14,497Lot

Price Vs. Estimate

The estimated value ($3,695,000) is $0 (0%) lower than the list price ($3,695,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Top Cons:
Age of Property & Potential for Modernization: Built in 1962, the property, while having custom upgrades, may still require significant investment for comprehensive modernization to meet contemporary luxury standards and buyer expectations.

Compared to the nearby listings

Price:$3.69M vs avg $3.92M ($-225,000)38%
Size:4,409 sqft vs avg 3,353 sqft72%
Price/sqft:$838 vs avg $1.3K8%

More Insights

Built in 1962 (63 years old).
Condition: Built in 1962, this property has undergone renovations, particularly in the kitchen and bathrooms, which appear to be well-maintained and functional. The kitchen features high-end built-in appliances (like a Sub-Zero style refrigerator and double ovens) but the light wood cabinetry, granite countertops, and matching backsplash, along with the parquet flooring, reflect a style from 15-25 years ago rather than a recent update. Similarly, the bathrooms are clean and spacious with separate tubs and showers in some, but the tile choices, fixtures, and vanity styles are also dated. The overall aesthetic of the home, with extensive wood paneling, terracotta and parquet flooring, and traditional light fixtures, is consistent with a property that has been regularly maintained and updated over the years, but not extensively renovated to contemporary standards within the last 15 years. The description itself notes 'custom upgrades throughout' and suggests buyers might 'reimagine your own dream decor,' indicating it's livable but could benefit from modernization. The probable absence of central air conditioning (as noted in the property analysis) further supports a 'Fair' rating, as it's a significant comfort factor for a property of this caliber and location.
Year Built
1962
Close
-
List price
$3.69M
Original List price
$3.85M
Price/Sqft
$838
HOA
$150
Days on market
-
Sold On
-
MLS number
25561129
Home ConditionFair
Features
Good View: None
Pool
Patio
View-

About this home

INCREDIBLE NEW PRICE! Set on an expansive over 14,000 sq ft view lot. This long term owner single-level over 4,400 sqft showcase home is in the coveted Bel Air Knolls area of upper Brentwood, just off world famous Mulholland Drive, and provides the ultimate in sophisticated living. A classic center hall plan offers a primary suite with abundant closets and a separate Media/game room in addition to a gracious formal living/dining and family rooms. Wine collectors refrigerated cellar and a chef's kitchen with a sunny breakfast room overlooking the sparkling pool. A staircase accesses the unique parkland owned by the city behind the house ideal for jogging or dog walks. Pastoral treetop views and the ultimate in privacy awaits the next lucky buyer. Custom upgrades throughout, including recirculating hot water to all faucets. This unique area provides sidewalks, streetlights and easy access to both The Westside and The Valley as well as local hiking and biking trails and some of the best private schools in the City. Move right in or reimagine your own dream decor in this ideal floor plan at your own entertainer's hilltop lair. Minutes from all, 16560 Park Lane is the spot to enjoy your new well deserved lifestyle.

Nearby schools

8/10
Lanai Road Elementary School
Public,K-51.5mi
9/10
Roscomare Road Elementary School
Public,K-51.8mi
9/10
Warner Avenue Elementary School
Public,K-55.2mi
5/10
Brentwood Science School
Public,K-55.4mi
9/10
Fairburn Avenue Elementary School
Public,K-55.9mi
5/10
Brockton Avenue Elementary School
Public,K-56.0mi
9/10
Franklin Elementary School
Public,PK-56.1mi
7/10
Nora Sterry Elementary School
Public,K-56.3mi
6/10
Gaspar De Portola Middle School
Public,6-83.9mi
5/10
William Mulholland Middle School
Public,6-84.4mi
8/10
Lincoln Middle School
Public,6-86.8mi
6/10
Van Nuys Senior High School
Public,9-124.8mi
6/10
University Senior High School
Public,9-126.0mi
6/10
University Senior High School Charter
Public,9-126.0mi
8/10
Santa Monica High School
Public,9-128.1mi

Price History

Date
Event
Price
04/19/01
Sold
$1,228,000
09/25/97
Sold
$840,000
Condition Rating
Fair

Built in 1962, this property has undergone renovations, particularly in the kitchen and bathrooms, which appear to be well-maintained and functional. The kitchen features high-end built-in appliances (like a Sub-Zero style refrigerator and double ovens) but the light wood cabinetry, granite countertops, and matching backsplash, along with the parquet flooring, reflect a style from 15-25 years ago rather than a recent update. Similarly, the bathrooms are clean and spacious with separate tubs and showers in some, but the tile choices, fixtures, and vanity styles are also dated. The overall aesthetic of the home, with extensive wood paneling, terracotta and parquet flooring, and traditional light fixtures, is consistent with a property that has been regularly maintained and updated over the years, but not extensively renovated to contemporary standards within the last 15 years. The description itself notes 'custom upgrades throughout' and suggests buyers might 'reimagine your own dream decor,' indicating it's livable but could benefit from modernization. The probable absence of central air conditioning (as noted in the property analysis) further supports a 'Fair' rating, as it's a significant comfort factor for a property of this caliber and location.
Pros & Cons

Pros

Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Prestigious Location & Accessibility: Located in the coveted Bel Air Knolls area of upper Brentwood, just off Mulholland Drive, offering excellent access to The Westside, The Valley, hiking/biking trails, and top private schools.
Expansive Lot & Privacy: Set on an expansive over 14,000 sq ft lot, providing ultimate privacy and pastoral treetop views, enhancing the serene living experience.
Spacious Single-Level Living: A generous 4,400+ sq ft single-level home featuring a classic center hall plan, a large primary suite with abundant closets, and multiple distinct living areas including a media/game room.
Luxury Amenities & Custom Upgrades: Equipped with a chef's kitchen, a wine collector's refrigerated cellar, a sparkling pool, and custom upgrades throughout, including recirculating hot water to all faucets.
Direct Parkland Access: Unique direct access via a staircase to city-owned parkland behind the house, ideal for jogging, dog walks, and enjoying nature.

Cons

Age of Property & Potential for Modernization: Built in 1962, the property, while having custom upgrades, may still require significant investment for comprehensive modernization to meet contemporary luxury standards and buyer expectations.
Recent Price Reduction: The recent price adjustment from $3.85M to $3.695M suggests the property may have been initially overpriced or has experienced slower market interest, potentially indicating a need for further negotiation.
Absence of Central Air Conditioning: Given the 1962 build year and no mention of a cooling system, it is highly probable the property lacks central air conditioning, which is a significant comfort and value consideration in Los Angeles.

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