About This Home

This 7-bedroom, 5-bathroom multi-family at 16623 Lake Avenue in Paramount, CA is listed for $1,345,000. Built in 2026, on a 0.10 acres lot.

Key Features

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

Property Details

2 stories
5 full
8 spaces
2026

Amenities

SolarEV ChargerA/C
Listing Description

$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 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

Property Details

Flooring

VinylLaminate

Construction

Stucco

Parking

GarageDrivewayOpenSide By SideCarport

Heating

Forced Air

Cooling

Central Air

Appliances

Tankless Water HeaterElectric Water HeaterElectric CooktopRefrigeratorDisposalDishwasherVented Exhaust FanMicrowaveWater Heater

Questions & Answers

This 7-bedroom, 5-bathroom multi-family at 16623 Lake Avenue is listed at $1,345,000. 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, 8 parking spaces. Interior Features: Recessed Lighting, Stone Counters.

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# PW26130970· 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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