16623 Lake Avenue, Paramount, California image 1
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16623 Lake Avenue

Paramount, CA 90723
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$1,325,000 $5,586/Mo
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Bed 7

Bed

Bath 5

Bath

SqFt4,322

Sqft(Lot)

$70,000 PRICE CUT!! HUGE PRICE REDUCTION--2026 NEW CONSTRUCTION! This is your opportunity to own one of Paramount's best values. Beautifully designed and move-in ready, this exceptional property offers a rare combination of modern living, flexible space, and income potential. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite. The bright open floor plan is filled with natural light and offers a seamless flow between the living room, dining area, and gourmet kitchen. The kitchen is designed for both everyday living and entertaining, featuring quartz countertops, stainless steel appliances, abundant cabinet space, and a large center island. The detached ADU adds incredible value with 2 bedrooms, 1 bathroom, inside laundry, a private entrance, its own address, and 2 dedicated parking spaces. It is perfect for extended family, guests, or rental income. Built with quality and energy efficiency in mind, both homes include paid solar panels, central heating and air conditioning, tankless water heaters, dual-pane Low-E windows, recessed LED lighting, waterproof flooring, EV charger readiness, and separate laundry areas. One of the highlights of this property is the spacious rooftop terrace. Create your own outdoor lounge, home gym, yoga retreat, entertaining space, or simply relax and enjoy the open views. The property also offers a 2-car attached garage, with additional parking for the main home and for the ADU. it's conveniently located near schools, shopping, restaurants, parks, and major freeways. Whether you're looking for a spacious family home, a property with rental income, or a smart long-term investment, this home checks all the boxes. Don't miss this incredible opportunity. Visit this home before it's gone and see everything this beautiful new home has to offer!! OPEN HOUSE SATURDAY AND SUNDAY 9/26 AND 9/27 FROM 12-4PM SEE YOU THERE.!!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,325,000

AD Id : 85809496

MLS Id : PW26130970

Beds : 7

Lot Size : 4,322 Sq. Ft

Year Built : 2026

Garage : 2

County : Los Angeles

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Feature Features

  • Interior Features

    StoneCounters, RecessedLighting, AllBedroomsUp, BedroomOnMainLevel, MainLevelPrimary, MultiplePrimarySuites, UtilityRoom, WalkInClosets
    Roof: Composition
    Appliances: Dishwasher, ElectricCooktop, 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
    Building Area Total: 3117
    Construction Materials: Stucco
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: Neighborhood

  • Exterior Features

    Exterior Features: 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,NearPark,SprinklerSystem

  • Listing Price Information

    Listing Price: $1325000
    Original Price: $1395000
    Cash, CashToNewLoan, Conventional, Contract, Exchange1031, FHA, Submit, VaLoan

  • Tax Information

    Parcel Number: 6046004063 Tax Lot: 51

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    Parking Total: 8 AttachedCarport, Concrete, DoorMulti, DirectAccess, DrivewayLevel, Garage, GarageDoorOpener, GarageFacesRear, SideBySide

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Utility Information

    ElectricityConnected, SewerConnected, WaterConnected

  • Location Information

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

Address Estimate Bed Bath Sq. Ft Lot Size
15347 Virginia Avenue, Paramount, CA, 90723 $819,098 4 2 1,494 7,502 Sq. Ft
14127 Colorado Ave, Paramount, CA, 90723 $1,380,000 11 5 -- 10,878 Sq. Ft
8014 1st, Paramount, CA, 90723 $834,900 4 2 -- 3,897 Sq. Ft
15943 Vermont, Paramount, CA, 90723 $1,249,000 4 3 -- 7,502 Sq. Ft
7032 Somerset, Paramount, CA, 90723 $1,000,000 8 5 -- 8,936 Sq. Ft

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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 10/06/2026 @ 12:01

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

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