16617 Park Lane Circle, Los Angeles, California 90049, Los Angeles, 90049 - 5 bed, 4 bath

16617 Park Lane Circle
Los Angeles, California 90049
Property Price
SUMMARY
Analysis of 16617 Park Lane Circle, Los Angeles, California 90049 reveals a Fairly Priced Property with a current list price of $2,799,999 aligned with the estimated $2,799,999 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16617 Park Lane Circle Subject | $2,799,999* List Price | 5 | 4 | 3,386 | $827 | - |
A 16560 Park Lane Circle Active | $3,475,000 List Price | 4 | 4 | 4,409 | $788 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition and appears very well-maintained. While the kitchen and bathrooms feature styles from a previous renovation (approximately 15-20 years ago), such as maple cabinetry, granite countertops, and white square tiling, they remain fully functional and clean. The home features updated stainless steel appliances (LG, KitchenAid), recessed lighting, and consistent stone-tiled flooring. The exterior and outdoor living areas, including the pool and brick decking, show minimal wear, meeting the criteria for a well-maintained home within its expected lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10).
- Prime Brentwood Location
Situated in the coveted Bel Air Knolls area of upper Brentwood, the property offers prestigious positioning with easy access to the 405 and 101 freeways, Mulholland Drive, and the Getty Center.
- Seamless Indoor-Outdoor Flow
The single-story contemporary design features walls of windows and sliding doors that lead to a serene backyard retreat, complete with a black-bottom pool, fountain, and pergola-covered patio.
CONSRISKS & DEFICIENCIES
- Dated Architectural Elements
Built in 1962, some interior finishes such as the maple cabinetry and specific stone-tiled flooring may require modernization to meet the aesthetic expectations of contemporary luxury buyers.
- Potential Traffic Noise
While the location offers excellent freeway proximity for commuters, the home's closeness to major arteries like the 405 and Mulholland Drive may result in ambient traffic noise.
- Recent Price Correction
A recent price reduction from the original listing price of $3.099M suggests the property may have faced initial challenges with market absorption at its previous valuation.
About 16617 Park Lane Circle
Surrounding a serene backyard retreat with a black-bottom pool, brick decking, fountain, and multiple lounging areas, this single-story contemporary delivers both style and comfort in the heart of upper Brentwood's coveted Bel Air Knolls. Spanning approximately 3,386 sq ft on an expansive 11,931 sq ft lot, the home offers 5 bedrooms, 4 bathrooms, and a thoughtful layout designed for everyday living and entertaining. Inside, clean architectural lines, stone-tiled floors, and walls of windows fill the interiors with natural light creating a warm yet refined ambiance throughout. The formal living room features a granite wet bar, fireplace, custom entertainment center, and sliding doors to the outdoors, while the elegant dining room opens to a pergola-covered patio ideal for gatherings. A chef's kitchen appointed with granite countertops, stainless steel appliances, and maple cabinetry connects to a spacious family room with built-ins and patio access. The private primary suite serves as a calming retreat with direct access to the pool, plantation shutters, and an ensuite bath. Additional bedrooms are generously sized, including a private guest suite near the kitchen. A dedicated laundry area links to the attached two-car garage. With convenient proximity to the 405 and 101 Freeways, Mulholland Drive, the Getty, and top-rated schools including Roscomare, Curtis, Berkeley Hall, Milken, Mirman, and UCLA, this timeless property offers exceptional livability in one of Los Angeles' most desirable neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 11,635 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $150.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Lanai Road Elementary School
Grades K-5 • 1.4 mi
Roscomare Road Elementary School
Grades K-5 • 1.9 mi
Warner Avenue Elementary School
Grades K-5 • 5.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 62% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,386 | 3,184.5 | 55% |
| Lot Size | 11,635 | 11,662 | 50% |
| Price | $2.80M | $3.84M | 18% |
| Price per sq ft | $827 | $1.3K | 11% |
| Built year | 1962 | 1958 | 60% |
| HOA | $150.0 | $0 | 93% |
| Days on market | 172 | 182 | 42% |
Pricing History
Listed for Sale
Feb 28, 2026
$2,799,999
$2,995,000
-7% Price Drop
Initial Listing
Price Change
Dec 2, 2025
$2,995,000
$3,099,000
-3% Price Drop
Initial Listing
Price Change
Sep 15, 2025
$3,099,000
Initial Listing
























