16560 Park Lane Circle, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 4 bath
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Los Angeles, California 90049
This Spacious Single-Level Brentwood Estate is a Strong Value Opportunity, listed at $3,475,000—positioned well below the $3,644,831 Fair Market Value by 4%. This valuation gap offers $169,831 in Instant Equity for buyers. Maintaining a Condition Rating of 3, the residence features a refrigerated wine cellar, sparkling pool, and treetop views near the prestigious Roscomare Road Elementary (9/10). It balances immediate livability with significant upside through cosmetic updates. This is an ideal opportunity for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16560 Park Lane Circle Subject | $3,475,000* List Price | 4 | 4 | 4,409 | $788 | - |
A 13044 Sky Valley Road Active | $3,149,000 List Price | 4 | 4 | 4,156 | $758 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in well-maintained, move-in ready condition, reflecting a high level of pride in ownership. While the 1962 structure features a style consistent with a high-end renovation from approximately 15-20 years ago, it remains functional and sophisticated. The chef's kitchen is equipped with quality stainless steel appliances and stone countertops, and the home includes luxury features like a refrigerated wine cellar and custom upgrades. Although the aesthetic (carpeting, cabinetry, and fixtures) is somewhat dated by modern standards, the systems appear well-maintained with no immediate need for renovation.
Elementary School: Fairburn Avenue Elementary School (9/10).
Situated in the prestigious Bel Air Knolls area of Brentwood, the property offers exceptional privacy with serene treetop views and direct access to city-owned parkland for hiking and recreation.
Boasting over 4,400 square feet of single-story living space, the home features a sophisticated center-hall floor plan, a refrigerated wine cellar, and a dedicated media/game room, which is highly desirable for accessibility and flow.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4409, other record living area = 4147.
Built in 1962, the property is marketed as an opportunity to 'reimagine,' suggesting that some interior finishes may require significant capital investment to meet modern luxury standards.
A recent significant price reduction of $220,000 indicates that the initial listing price may have been aggressive, potentially affecting buyer perception of value in the current market.
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.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 1.8 mi
Grades K-5 • 5.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 4,409 | 3,092.5 | 75% |
| Lot Size | 14,497 | 11,235.5 | 61% |
| Price | $3.48M | $3.84M | 40% |
| Price per sq ft | $788 | $1.3K | 10% |
| Built year | 1962 | 1955 | 66% |
| HOA | $150.0 | $0 | 95% |
| Days on market | 89 | 197 | 12% |
Feb 22, 2026
$3,475,000
$3,695,000
-6% Price Drop
Initial Listing
Jan 23, 2026
$3,695,000
Initial Listing
Apr 19, 2001
$1,228,000
Public Record
Sep 25, 1997
$840,000
Public Record