16623 Lake Avenue Paramount, CA $ 1,345,000
16623 Lake Avenue
$ 1,345,000
New Construction
Open House 8/15 11am - 2pm
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16623 Lake Avenue

Paramount, CA, 90723
$ 1,345,000
Baths1.0 Sq 3,117

Monthly Estimate*

$ 8,492

Listed by Y Realty
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View a Virtual Tour
Studio

Multi-Family Home for sale in Paramount, CA

for $1,345,000 with 1 full bath. This 3,117 square foot home was built in 2026 on a lot size of 0.0992.

$50,000 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 8/15 11-2pm!

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Open House

8/15/2026 11:00 AM - 2:00 PM
16623 Lake Avenue Paramount, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 1,345,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0992

Year Built

2026

Town/City

Paramount

County/Region

Los Angeles

MLS | Web ID

PW26130970

Days on Market

59

Features
General
Sewer Sewer Tap Paid
Heating Forced Air
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Roof Composition
Appliances Dishwasher Electric Cooktop Electric Water Heater Disposal Microwave Refrigerator Tankless Water Heater Vented Exhaust Fan Water Heater
HOA Fee 0
Garage Spaces 2
Architectural Style Contemporary Traditional
Pool Features None
Construction Materials Stucco
Year Built 2026
Tenant Pays All Utilities Electricity Gas Trash Collection Water
View Neighborhood
Stories Count 1
Levels One Two
Property Subtype Duplex
Gross Income 99600
Community Features Gutter(s) Sidewalks Park
County Los Angeles
Net Operating Income 99600
Operating Expense 0
Insurance Expense 0
New Construction true
Property Type Residential Income
HOA false
Contingency None
Facing Direction East
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Paramount and 70th St
City Paramount
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 2
MLS Area RK - Paramount South of Somerset
Lot Size Units Square Feet
Lot Size Square Feet 4322
Carport Spaces 2
Carport Y/N true
Listing Terms Cash Cash to New Loan Conventional Contract 1031 Exchange FHA Submit VA Loan
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Property Condition Turnkey
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Virtual Tour https://www.zillow.com/view-imx/a4745d0d-367e-4728-9afd-a2b2dc47aafe?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard https://www.zillow.com/view-imx/a4745d0d-367e-4728-9afd-a2b2dc47aafe?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 51
Property Sub Type Additional Duplex
Expected Active Date 2026-06-27
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Interior
Interior Amenities Stone Counters Recessed Lighting All Bedrooms Up Bedroom on Main Level Main Level Primary Multiple Primary Suites Utility Room Walk-In Closet(s)
Flooring Laminate Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Laundry Features Washer Hookup Electric Dryer Hookup Inside Laundry Room
Entry Level 1
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Exterior
Exterior Amenities Rain Gutters
Fencing Block Wood Wrought Iron
Parking Features Attached Carport Concrete Door-Multi Direct Access Driveway Level Garage Garage Door Opener Garage Faces Rear Side By Side
Lot Features 0-1 Unit/Acre Drip Irrigation/Bubblers Near Park Sprinkler System
Water Source Public
Total Parking 8
Lot Size Area 4322
Foundation Details Slab
Number of Buildings 1
Building Area Total 3117
Lot Size Acres 0.0992
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded Features
List By
Y Realty

Broker

msolmos@me.com

Email

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/10/2026$1,345,000 -3.58% Price Down
6/24/2026$1,395,000 Listed Price

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16623 Lake Avenue, Paramount, CA, 90723 is a Multi-Family Home for sale at $1,345,000 with 3,117 sqft and a lot size of 0.0992. 16623 Lake Avenue is a studio with 1.0 baths and was built in 2026. The property's zip code is 90723 which is in Paramount, CA