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16623 Lake Avenue

Paramount, CA 90723
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Bed 5

Bed

Bath 4

Bath

SqFt3,117

Sqft

SqFt4,322

Sqft(Lot)

$50,000 PRICE CUT! Great neighbourhood! Huge Price Reduction!! 2026 NEW CONSTRUCTION! Welcome to this beautiful, move-in-ready property in the heart of Paramount, offering a rare and versatile floor plan that is perfect for multi-generational living or generating rental income. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite and an additional guest bathroom. The open-concept design creates a bright and inviting living space where the kitchen flows seamlessly into the dining and living areas, making it ideal for everyday living and entertaining. Large windows fill the home with natural light, while modern finishes throughout provide a clean, contemporary feel. Adding even more value is the detached ADU, complete with 2 bedrooms, 1 bathroom, inside laundry area, with its own private entrance, separate address, and 2 dedicated parking spaces. Whether you're looking for rental income, a home for extended family, or a private guest house, this ADU offers outstanding flexibility. Built with quality and energy efficiency in mind, both the main home and ADU include paid solar panels, helping reduce energy costs while providing the benefits of new construction with low-maintenance living. One of the home's most unique features is the spacious rooftop terrace. This incredible space can be used as an outdoor entertaining area, home gym, yoga studio, organic garden, or simply a peaceful place to relax and enjoy the views. The property also includes a 2-car attached garage and additional parking for the main residence, and is conveniently located near shopping, restaurants, schools, parks, and major freeways for easy commuting. This is an exceptional opportunity for buyers seeking a modern home with income potential, flexible living space, and long-term value! Great and quiet neighborhood!..OPEN HOUSE SUNDAY 9/13 FROM 1-4 PM. SEE YOU SOON.

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Detail Ic Property Details

Property Type : Residential

Price : $1,345,000

AD Id : 84714509

MLS Id : PW26128386

Beds : 5

Lot Size : 4,322 Sq. Ft

Living Area Size : 3,117 Sq. Ft

Year Built : 2026

Garage : 2

County : Los Angeles

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Map

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Roofing Information

    Composition

    Flooring Information

    Laminate, Vinyl
  • Interior Features

    BreakfastBar, SeparateFormalDiningRoom, StoneCounters, RecessedLighting, AllBedroomsUp, BedroomOnMainLevel, MainLevelPrimary
    Roof: Composition
    Appliances: Dishwasher, ElectricCooktop, ElectricOven, ElectricWaterHeater, Disposal, Microwave, Refrigerator, TanklessWaterHeater, VentedExhaustFan, WaterHeater
    Laundry Features: WasherHookup, ElectricDryerHookup, Inside, LaundryRoom
    Window Features: DoublePaneWindows
  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2026
    Construction Materials: Stucco
    Stories: 2
    Patio And Porch Features: Concrete, Rooftop
    Pool Features: None
    Private Pool: No
    View: Neighborhood
  • Exterior Features

    Exterior Features: Lighting, RainGutters

  • Lot Information

    Main Square Feet: 4322 Lot Size Acres: 0.0992 Lot Size Source: Assessor Lot Size Square Feet: 4,322 Lot Description: ZeroToOneUnitAcre,DripIrrigationBubblers,SprinklersInFront,NearPark,SprinklerSystem

  • Listing Price Information

    Listing Price: $1345000
    Original Price: $1395000
    Cash, CashToNewLoan, Conventional, Contract, Exchange1031, FHA, Submit, VaLoan

  • Tax Information

    Parcel Number: 6046004063 Tax Lot: 52

  • Parking Information

    Parking Total: 4 Carport, DoorMulti, DirectAccess, DrivewayLevel, Garage, GarageDoorOpener, GarageFacesRear, SideBySide

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

  • Utility Information

    ElectricityConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: Paramount Blvd & 70th St. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
15343 Pimenta Avenue, Paramount, CA, 90723 $600,000 2 2 743 2,978 Sq. Ft
15120 Bellota Ave, Paramount, CA, 90723 $670,000 2 1 989 3,180 Sq. Ft
8600 Contreras #54, Paramount, CA, 90723 $89,900 1 1 -- --
8600 Contreras Street #35, Paramount, CA, 90723 $140,000 2 2 960 1,000 Sq. Ft
8600 Contreras Street #39, Paramount, CA, 90723 $170,000 2 1 800 --
13425 Downey Ave, Paramount, CA, 90723 $649,000 2 1 944 5,020 Sq. Ft
13947 Downey, Paramount, CA, 90723 $657,300 3 1 862 2,958 Sq. Ft
8217 Howe, Paramount, CA, 90723 $575,000 2 1 836 2,328 Sq. Ft
8211 Wilbarn, Paramount, CA, 90723 $585,000 2 1 836 2,082 Sq. Ft
16601 Garfield Ave #91, Paramount, CA, 90723 $160,000 2 1 800 --

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/17/2026 @ 09:00

MLS: PW26128386 LISTED BY: Maria Olmos, Y Realty 877-976-5348 SOURCE: CRMLS

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