Property Attributes
- ID#PW26080890
- TypeSingle Family
- Listing Status Active
- CountyLos Angeles
- CityParamount
- Area Paramount South of Somerset
- Zip90723
- Style
- Year Built2026
- Price$ 1,345,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3117
- Lot Size0.0992 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
$50,000. Price Cut! Lowest price in the area for a new house of this size and 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 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 throughout mean nothing to update, nothing to repair, and nothing to worry about. One of the most unique features of this property 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.,Also loaded with additional storage inside and out! The detached ADU adds outstanding value. It includes 2 bedrooms, 1 bathroom, inside laundry area, a private entrance, its own separate address, and 2 dedicated parking spaces. Live in the main home and rent the ADU, house extended family with full privacy, or use it as a private guest suite. The income potential here is real and immediate. Both the main home and the ADU include paid solar panels. No lease to assume. No monthly solar payment. The panels transfer with the property and start reducing energy costs from day one. The property also includes a 2-car attached garage plus additional parking for both units. Conveniently located near shopping, restaurants, schools, parks, and major freeways. This is a rare opportunity to own a modern, move-in-ready property with income potential, flexible living space, and long-term value.! OPEN HOUSE SATURDAY AND SUNDAY 9/19 AND 9/20 FROM 12-4PM SEE YOU THERE.!!
| Price History | |
|---|---|
| 5/1/2026 | Listed $1,395,000 |
| 7/10/2026 | 4$1,345,000 |
General Features
| Living Area | 3117 |
|---|---|
| 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 |
| Garage Spaces | 2 |
| Architectural Style | Contemporary,Traditional |
| Pool Features | None |
| Construction Materials | Stucco |
| Year Built | 2026 |
| Electric | 220 Volts in Garage,Standard |
| View | Neighborhood |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Single Family Residence |
| Community Features | Sidewalks,Park |
| County | Los Angeles |
| New Construction | true |
| Property Type | Residential |
| HOA | false |
| Attached Garage | true |
| Contingency | Easy to show please call agent Maria Olmos at 562-824-6227 |
| Facing Direction | East |
| Garage Y/N | true |
| Green Energy Generation | Solar |
| Green Water Conservation | Low-Flow Fixtures |
| Full Baths | 4 |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Paramount and Alondra Blvd. |
| City | Paramount |
| Entry Location | 1 |
| Senior Community Y/N | false |
| High School District | Los Angeles Unified |
| Open Parking Spaces | 4 |
| Number Of Units Total | 1 |
| 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 |
| Spa Features | None |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Property Condition | Turnkey |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | false |
| Virtual Tour | https://www.wellcomemat.com/mls/58p84c1949741moka |
| Structure Type | House |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Owner |
| Year Built Source | Assessor |
| Tax Lot | 51 |
| Virtual Tour | https://www.wellcomemat.com/video/58p84c1949741moka/PAR/CA/90723/16619-Lake-AV/PW26080890/ |
| Property Sub Type Additional | Single Family Residence |
| Expected Active Date | 2026-05-13 |
| PostalCity | PARAMOUNT |
Interior Features
| Interior Amenities | Breakfast Bar,Separate/Formal Dining Room,Eat-in Kitchen,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 |
| Total Bedrooms | 5 |
| Entry Level | 1 |
| Main Level Bedrooms | 1 |
| Main Level Bathrooms | 2 |
| LivingAreaSource | Assessor |
| Total Baths | 4 |
Exterior Features
| 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,On Street,Side By Side |
| Lot Features | 0-1 Unit/Acre,Drip Irrigation/Bubblers,Sprinklers In Front,Near Park,Sprinkler System |
| Water Source | Public |
| Total Parking | 8 |
| Lot Size Area | 4322 |
| Foundation Details | Slab |
| Spa | false |
| Lot Size Acres | 0.0992 |
| Road Surface Type | Paved |
| Private Pool | false |
| Lot Size Source | Assessor |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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