About This Home

This 5-bedroom, 4-bathroom single family at 16623 Lake Avenue in Paramount, CA is listed for $1,345,000 ($432 per sqft). Built in 2026, the home offers 3,117 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 2026
  • 0.10 acre lot
  • 2 stories
  • 4 parking spaces

Property Details

2 stories
4 full
4 spaces
2026

Amenities

SolarA/C
Listing Description

$50,000 PRICE CUT! Great area! Huge Price Reduction!! 2026 NEW CONSTRUCTION! Welcome to this beautiful, move-in-ready property in the heart of Paramount, offering a rare and versatile floor plan that is perfect for multi-generational living or generating rental income.

The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite 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 convenient access to 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! Great and quiet neighborhood!..OPEN HOUSE SATURDAY AND SUNDAY 9/19 AND 9/20 FROM 12-4PM SEE YOU THERE.!!

Monthly Cost Estimate

$7,193/mo

20% down · 6.5% · 30 years

Principal$973
Interest$5,828
Insurance$392

Estimates only. Actual payments may vary.

Location

16623 Lake Avenue

Paramount, CA 90723

Features & Amenities

Interior Features

Recessed LightingStone Counters

Exterior Features

Rain GuttersLighting

Property Details

Flooring

LaminateVinyl

Construction

Stucco

Parking

GarageDrivewayCarportSide By SideOpen

Heating

Forced Air

Cooling

Central Air

Appliances

Tankless Water HeaterElectric OvenElectric Water HeaterElectric CooktopRefrigeratorDisposalDishwasherVented Exhaust FanMicrowaveWater Heater

Questions & Answers

This 5-bedroom, 4-bathroom single family at 16623 Lake Avenue is listed at $1,345,000 ($432/sqft). The estimated monthly payment is $7,193 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2026, 0.10 acre lot, 2 stories, 4 parking spaces. Interior Features: Recessed Lighting, Stone Counters. Exterior Features: Rain Gutters, Lighting.

This property is listed by Maria Olmos and can be reached at 5628246227.

MO

Maria Olmos

License 00956497

Agent at Y Realty

(562) 824-6227
Agent website

Listed by Y Realty · Broker phone: (877) 976-5348 · Broker website

MLS# PW26128386· Source: California Regional Multiple Listing Service, Inc· 78 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

16623 Lake Avenue, Paramount, CA 90723

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