16623 Lake Avenue Paramount, CA $ 1,395,000
16623 Lake Avenue
$ 1,395,000
Recently Listed New Construction
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16623 Lake Avenue

Paramount, CA, 90723
$ 1,395,000
Baths1.0 Sq 3,117

Monthly Estimate*

$ 8,808

Listed by Y Realty
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Studio

Single Family Home for sale in Paramount, CA

for $1,395,000 with 1 full bath. This 3,117 square foot home was built in 2026 on a lot size of 0.0992.

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. Open House Sunday, June 28, from 11:00 AM to 2:00 PM.

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Single Family Active

Price

$ 1,395,000

Bedrooms

Studio

Full Bath

1

Property Type

Single 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

13

Features
General
Sewer SewerTapPaid
Heating ForcedAir
Cooling CentralAir
Utilities ElectricityConnected SewerConnected WaterConnected
Roof Composition
Appliances Dishwasher ElectricCooktop ElectricWaterHeater Disposal Microwave Refrigerator TanklessWaterHeater VentedExhaustFan WaterHeater
HOA Fee 0
Garage Spaces 2
Architectural Style Contemporary Traditional
Pool Features None
Construction Materials Stucco
Year Built 2026
View Neighborhood
Stories Count 1
Levels One Two
Property Subtype Duplex
Gross Income 0
Community Features Gutters Sidewalks Park
County Los Angeles
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction true
Property Type ResidentialIncome
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 SquareFeet
Lot Size Square Feet 4322
Carport Spaces 2
Carport Y/N true
Listing Terms Cash CashToNewLoan Conventional Contract Exchange1031 FHA Submit VaLoan
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
Building Area Units SquareFeet
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 StoneCounters RecessedLighting AllBedroomsUp BedroomOnMainLevel MainLevelPrimary MultiplePrimarySuites UtilityRoom WalkInClosets
Flooring Laminate Vinyl
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Air Conditioning Y/N true
Heating Y/N true
Window Features DoublePaneWindows
Fireplace Y/N false
Laundry Features WasherHookup ElectricDryerHookup Inside LaundryRoom
Entry Level 1
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Exterior
Exterior Amenities RainGutters
Fencing Block Wood WroughtIron
Parking Features AttachedCarport Concrete DoorMulti DirectAccess DrivewayLevel Garage GarageDoorOpener GarageFacesRear SideBySide
Lot Features ZeroToOneUnitAcre DripIrrigationBubblers NearPark SprinklerSystem
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

Affordability Calculator

$8,808
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Monthly Principal & Interest
$8,808
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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
6/24/2026$1,395,000 Listed Price

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16623 Lake Avenue, Paramount, CA, 90723 is a Single Family Home for sale at $1,395,000 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