16623 Lake Avenue, Paramount, CA 90723

• 7 beds |
• 5 baths |
• 3,117 sqft

Property Description

Huge price drop..Almost $150,000 Price Cut! Large Home, 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

Listing Status:

Active

Date Added:

June 27, 2026

Data Last Updated:

October 8, 2026 at 11:11PM

Listing Office:

Y Realty : 877-976-5348

Listing Agent:

Maria Olmos : 562-824-6227

MLS ID:

PW26128386

Interior

• General: Recessed LightingStone Counters
• Appliances: DishwasherDisposalMicrowaveRefrigeratorElectric OvenVented Exhaust Fan
• Laundry: ElectricWasher Hookup
• Flooring: LaminateLinoleum/Vinyl
• A/C: Central Forced Air
• Heating: Forced Air Unit
• Fireplace: N/K

Exterior

• General: N/K
• Style: ContemporaryModern
• Pool: N/K
• Parking: Direct Garage AccessGarage - Two DoorGarage Door OpenerParking spaces: 4

Construction

• Roofing: Composition
• General: Stucco2

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: 6046004063
• View: Neighborhood
• Fencing: Wrought IronWood

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Sewer Paid

Financial

• Source: California Regional MLS