Active

16623 Lake Avenue

Paramount, CA 90723
Mark as Favorite
$1,395,000 $5,881/Mo
Get Pre-Approved Check your credit
Bed 7

Bed

Bath 5

Bath

SqFt3,117

Sqft

SqFt4,322

Sqft(Lot)

2026 NEW CONSTRUCTION! Welcome to this beautiful, move-in-ready property in the heart of Paramount, offering a rare and versatile floor plan perfect for multi-generational living or rental income. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient primary suite on the first floor 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, 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, 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $1,395,000

AD Id : 85809496

MLS Id : PW26130970

Beds : 7

Lot Size : 4,322 Sqft

Living Area Size : 3,117

Year Built : 2026

Garage : 2

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Sewer Tap Paid

  • Interior Features

    Roof: Composition Exterior Property Features: Rain Gutters Interior Features: Stone Counters,Recessed Lighting,All Bedrooms Up,Bedroom on Main Level,Main Level Primary,Multiple Primary Suites,Utility Room,Walk-In Closet(s) Windows: Double Pane Windows Property Appliances: Dishwasher,Electric Cooktop,Electric Water Heater,Disposal,Microwave,Refrigerator,Tankless Water Heater,Vented Exhaust Fan,Water Heater Fireplace: None Flooring: Laminate,Vinyl

  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Forced Air Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 2026 Building Area Total: 3,117 Construction: Stucco Roof: Composition

  • Exterior Features

    Rain Gutters

    Foundation

    Slab

  • Pool Features

    None

    Laundry Features

    Washer Hookup,Electric Dryer Hookup,Inside,Laundry Room

    Fencing

    Block,Wood,Wrought Iron

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0992
  • Lot Size Source: Assessor Lot Size Square Feet: 4322

  • Listing Price Information

    Original List Price: 1,395,000 Listing Contract Date: 2026-06-18

  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 6046004063

  • Garage and Parking

    Garage Description: Attached Carport,Concrete,Door-Multi,Direct Access,Driveway Level,Garage,Garage Door Opener,Garage Faces Rear,Side By Side

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: RK - Paramount South of Somerset Directions: Paramount and 70th St Source Property Type: Residential Income Area: RK - Paramount South of Somerset Property SubType: Duplex

  • Building and Construction

    Property Age: 0 Common Walls: No Common Walls Property Condition: Turnkey Structure Type: Duplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Levels or Stories: One,Two Building Total Stories: 1
Sell a home like this and save $83,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
13108 Brock Avenue, Paramount, CA, 90723 $759,000 1 1 953 953 SqFt
7249 Marcelle, Paramount, CA, 90723 $949,999 4 2 1,770 1,770 SqFt
7032 Somerset, Paramount, CA, 90723 $1,100,000 7 4 2,400 2,400 SqFt

Similar Multifamily To 16623 Lake Avenue

Nearby For Sale

Slider Thumb
Active
Mark as Favorite
$759,000
Multifamily For Sale

13108 Brock Avenue,
Paramount, CA, 90723

Bed 1

Bed

Bath 1

Bath

SqFt953

Sqft

SqFt7,590

Sqft(Lot)
Slider Thumb
Mark as Favorite
$949,999
Multifamily For Sale

7249 Marcelle,
Paramount, CA, 90723

Bed 4

Bed

Bath 2

Bath

SqFt1,770

Sqft

SqFt8,038

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$1,395,000
Multifamily For Sale

16623 Lake Avenue,
Paramount, CA, 90723

Bed 7

Bed

Bath 5

Bath

SqFt3,117

Sqft

SqFt4,322

Sqft(Lot)

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 07/03/2026 @ 12:20

MLS: PW26130970 LISTED BY: Maria Olmos, Y Realty 877-976-5348 SOURCE: CRMLS

More Cities with for Sale by Owner Homes

Homes around $1,395,000

Slider Thumb
Active
Mark as Favorite
$549,000
Townhouse For Sale

14134 Orizaba,
Paramount, CA, 90723

Bed 3

Bed

Bath 2

Bath

SqFt1,719

Sqft

SqFt34,456

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$549,900
Townhouse For Sale

16710 Orange Ave. #A1,
Paramount, CA, 90723

Bed 3

Bed

Bath 2

Bath

SqFt1,361

Sqft

SqFt263,955

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$575,000
Home For Sale

8217 Howe,
Paramount, CA, 90723

Bed 2

Bed

Bath 1

Bath

SqFt836

Sqft

SqFt2,328

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$585,000
Home For Sale

8211 Wilbarn,
Paramount, CA, 90723

Bed 2

Bed

Bath 1

Bath

SqFt836

Sqft

SqFt2,082

Sqft(Lot)
Slider Thumb
Mark as Favorite
$589,999
Home For Sale

8419 1/2 2nd Street #2,
Paramount, CA, 90723

Bed 4

Bed

Bath 3

Bath

SqFt2,041

Sqft

SqFt17,673

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$610,000
Home For Sale

8215 Elburg Street,
Paramount, CA, 90723

Bed 3

Bed

Bath 1

Bath

SqFt1,060

Sqft

SqFt2,157

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$657,300
Home For Sale

13947 Downey,
Paramount, CA, 90723

Bed 3

Bed

Bath 1

Bath

SqFt862

Sqft

SqFt2,958

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$670,000
Home For Sale

15120 Bellota Ave,
Paramount, CA, 90723

Bed 2

Bed

Bath 1

Bath

SqFt989

Sqft

SqFt3,180

Sqft(Lot)
Slider Thumb
Mark as Favorite
$725,000
Home For Sale

13478 Fanshaw Avenue,
Paramount, CA, 90723

Bed 3

Bed

Bath 2

Bath

SqFt1,281

Sqft

SqFt6,669

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$759,000
Multifamily For Sale

13108 Brock Avenue,
Paramount, CA, 90723

Bed 1

Bed

Bath 1

Bath

SqFt953

Sqft

SqFt7,590

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$775,000
Home For Sale

13944 Brightwell Ave,
Paramount, CA, 90723

Bed 4

Bed

Bath 2

Bath

SqFt1,427

Sqft

SqFt5,431

Sqft(Lot)
Slider Thumb
Mark as Favorite
$949,999
Multifamily For Sale

7249 Marcelle,
Paramount, CA, 90723

Bed 4

Bed

Bath 2

Bath

SqFt1,770

Sqft

SqFt8,038

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$1,100,000
Multifamily For Sale

7032 Somerset,
Paramount, CA, 90723

Bed 7

Bed

Bath 4

Bath

SqFt2,400

Sqft

SqFt8,936

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$1,239,000
Home For Sale

15540 Colorado Avenue,
Paramount, CA, 90723

Bed 6

Bed

Bath 4

Bath

SqFt2,611

Sqft

SqFt2,182

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$1,395,000
Home For Sale

16623 Lake Avenue,
Paramount, CA, 90723

Bed 5

Bed

Bath 4

Bath

SqFt3,117

Sqft

SqFt4,322

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$1,395,000
Home For Sale

16619 Lake Avenue,
Paramount, CA, 90723

Bed 5

Bed

Bath 4

Bath

SqFt3,117

Sqft

SqFt4,322

Sqft(Lot)
Slider Thumb
Active
Mark as Favorite
$1,649,000
Home For Sale

15323 Paramount,
Paramount, CA, 90723

SqFt4,380

Sqft

SqFt15,006

Sqft(Lot)
Slider Thumb
Mark as Favorite
$2,200,000
Home For Sale

16101 Ansmith Ave,
Paramount, CA, 90723

SqFt6,768

Sqft

SqFt16,393

Sqft(Lot)

Selling? Save $83,201 when you sell a home like this

Tour with a ByOwner Agent