16623 Lake Avenue, Paramount, CA 90723
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
16623 Lake Avenue,Paramount, CA 90723
$1,248,888
- - Beds
- 5 Baths
- 3,117 sq. ft.
- Multi-family
- Active
Listed by: maria olmos
Office: y realty877-976-5348
MLS#:PW26130970
Source:CRMLS
Price summary
- Price:$1,248,888
- Price per sq. ft.:$400.67
About this home
The home you love...the opportunity you were waiting for $150,000 Price Cut! Large Home, Lowest price in the area for New Construction of this size, plus a large ADU. Now is the time to make your move. Welcome to 16623 Lake Avenue, a stunning 2026 new construction in the heart of Paramount. This is not your average single-family home. It is a fully equipped, income-producing property with a versatile floor plan built for multi-generational living, rental income, or both. The main home offers ~2300 sq. ft. of living space with 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite. The open-concept design connects the kitchen, dining, and living areas into one bright, inviting space. Large windows fill every room with natural light, and modern finishes are throughout- no repairs, no upgrades, and no worries. The ~817 sq. ft. ADU is a complete 2-bedroom, 1-bath residence with its own address and the same cohesive look and finish as the main home. It functions independently with a private entrance, dedicated parking, separate utilities, its own laundry, a full kitchen with quartz counters and stainless appliances, and open living and dining areas. One of this property's most unique features is the private rooftop terrace; use it to entertain guests, set up a home gym, start an organic garden, create a yoga studio, or simply enjoy the open air. Few homes in this price range offer this kind of bonus outdoor living space. It also offers additional storage inside and out! Modern convenience continues with exterior cameras included. The income potential here is real and immediate. Both the main home and the ADU include PAID solar panels. No monthly solar payment. The panels transfer with the property and start reducing energy costs from day one. The property also includes an oversized 2-car attached garage equipped with 220 volts for EV charching, plus additional parking for both units.This is a rare opportunity to own a modern, move-in-ready property with income potential, flexible living space, and long-term value. Centrally located in Los Angeles County, Paramount sits near Long Beach, Downey, Lakewood, and Bellflower at the crossroads of the 105, 710, 91, and 605 freeways. Downtown LA, and Orange County are within easy reach. Continued retail, dining, infrastructure, and residential investment, including the new Sprouts-anchored Paramount Square, reflects the city’s momentum. Come visit, this home is waiting for you!!!...
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Home facts
- Year built:2026
- Listing ID #:PW26130970
- Added:150 day(s) ago
- Updated:November 09, 2026 at 02:18 PM
Rooms and interior
- Total bathrooms:5
- Flooring:Laminate, Vinyl
- Kitchen Description:Dishwasher, Electric Cooktop, Microwave, Refrigerator, Stone Counters, Vented Exhaust Fan
- Bedroom Description:All Bedrooms Up
- Living area:3,117 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:2026
- Building area:3,117 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Drip Irrigation/Bubblers, Near Park, Sprinkler System
- Architectural Style:Contemporary, Traditional
- Construction Materials:Stucco
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Sewer Connected, Sewer Tap Paid
Finances and disclosures
- Price:$1,248,888
- Price per sq. ft.:$400.67
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
- Laundry features:Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
- Amenities:Double Pane Windows, Rain Gutters, Recessed Lighting, Walk In Closets
Parking
- Total parking spaces:8
- Parking description:2 Carport Space(s), Attached Carport, Concrete Driveway, Direct Access, Door Multi, Driveway Level, Garage, Garage Door Opener, Garage Faces Rear, Side By Side
- Garage:Yes
- Garage spaces:2
- Carport spaces:2
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