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The boxer and his wife bought the house in 1979 and lived there until 1986.
The nine-bedroom home, which dates back to 1916, sits on 1.5 acres in Fremont Place, a gated community known for its historic mansions.
It hit on the market on what would have been Ali's 77th birthday.
The former home of celebrated boxer Muhammad Ali is for sale in Los Angeles for $16.999 million.
The nine-bedroom mansion sits on 1.5 acres in the Hancock Park neighborhood in a gated community called Fremont Place, which is known for its historic mansions, according to The Wall Street Journal. It's listed by Douglas Elliman.
The current owners of the home bought it for $2.5 million in 2001, the Journal reported.
The house, which is more than 100 years old, hit the market on January 17, 2018, which would have been Ali's 77th birthday. He died in 2016.
Mrs. Ali decorated the house to look "like a museum, with gilded furniture, Renaissance paintings, Oriental rugs, and huge standing urns," according to The Wall Street Journal.
One light-filled room has skylights and wall-to-wall windows. When the Alis lived there, Mrs. Ali reportedly kept a dozen exotic birds in an aviary in the home.
Ali reportedly had a "more-or-less open-door policy, often bringing home a half-dozen or more strangers he'd befriended," according to The Wall Street Journal.
The current owners, Michael Lawson and Mattie McFadden-Lawson, who bought the house in 2001 for $2.5 million, previously worked with president Barack Obama.
McFadden-Lawson served on the President's Advisory Committee on the Arts and Lawson was an Ambassador and Permanent US Representative to the International Civil Aviation Organization.