# 16623 Lake Avenue, Paramount, CA 90723 > **TL;DR:** 7bd/5ba single family, $1,248,888 ($401/sqft), built 2026, 3,117 sqft. > Solar, A/C, 2-car garage. Est. $6,679/mo. Listed 138 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,248,888 | | Price/sqft | $401 | | Bedrooms | 7 | | Bathrooms | 5 full | | Square Feet | 3,117 | | Year Built | 2026 | | Lot Size | 4,321 sqft (0.10 acres) | | Stories | 2 | | Garage | 2-car | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 138 | ## Why This Home Stands Out - **Solar Panels** - Solar panels listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,315 | | Estimated Insurance | $364 | | **Total** | **$6,679** | ## Key Amenities - Solar - A/C - 2-car garage ## Property Highlights - Built in 2026 - 0.10 acre lot - 2 stories - 4 parking spaces ## Description ### Agent Description The home you love, and the opportunity you were waiting for. $150,000 Price Cut! Large Home, Lowest price in the area for New Construction of this size, plus an 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 are throughout- no repairs, no upgrades, and no worries. The ~817 sq. ft. ADU is a complete 2-bedroom, 1-bath residence with its own address and the same cohesive look and finish as the main home. It functions independently with a private entrance, dedicated parking, separate utilities, its own laundry, a full kitchen with quartz counters and stainless appliances, and open living and dining areas. One of this property's most unique features 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. It also offers additional storage inside and out! Modern convenience continues with exterior cameras. Centrally located in Los Angeles County, Paramount sits near Long Beach, Downey, Lakewood, and Bellflower at the crossroads of the 105, 710, 91, and 605 freeways. Downtown LA, the South Bay, and Orange County are within easy reach. Continued retail, dining, infrastructure, and residential investment, including the new Sprouts-anchored Paramount Square, reflects the city's momentum. The income potential here is real and immediate. Both the main home and the ADU include paid solar panels. 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. ## Location - **Address:** 16623 Lake Avenue, Paramount, CA 90723 - **County:** Los Angeles - **Coordinates:** 33.882838, -118.162193 - **Google Maps:** https://www.google.com/maps?q=33.882838,-118.162193 ## Virtual Tour & Media - **Video Tour:** https://www.wellcomemat.com/mls/58p864b2e9931mokb ## Listing Agent - **Name:** Maria Olmos · **License:** 00956497 - **Brokerage:** Y Realty - **Broker Phone:** (877) 976-5348 ## Photos ![16623 Lake Avenue - Photo 1](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f2152530406r.jpg) ![16623 Lake Avenue - Photo 2](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f426316287r.jpg) ![16623 Lake Avenue - Photo 3](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f2357585058r.jpg) ![16623 Lake Avenue - Photo 4](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f3186597743r.jpg) ![16623 Lake Avenue - Photo 5](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f3263459571r.jpg) ![16623 Lake Avenue - Photo 6](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f453294326r.jpg) ![16623 Lake Avenue - Photo 7](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f1943165223r.jpg) ![16623 Lake Avenue - Photo 8](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f4044519402r.jpg) ![16623 Lake Avenue - Photo 9](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f131606219r.jpg) ![16623 Lake Avenue - Photo 10](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f356280934r.jpg) ![16623 Lake Avenue - Photo 11](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f618037835r.jpg) ![16623 Lake Avenue - Photo 12](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f2178012648r.jpg) ![16623 Lake Avenue - Photo 13](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f2059961305r.jpg) ![16623 Lake Avenue - Photo 14](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f3538214019r.jpg) ![16623 Lake Avenue - Photo 15](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f2491784153r.jpg) ![16623 Lake Avenue - Photo 16](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f3641886928r.jpg) ![16623 Lake Avenue - Photo 17](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f1900585633r.jpg) ![16623 Lake Avenue - Photo 18](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f2742676235r.jpg) ![16623 Lake Avenue - Photo 19](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f4134165462r.jpg) ![16623 Lake Avenue - Photo 20](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f2266117886r.jpg) ![16623 Lake Avenue - Photo 21](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f2308882532r.jpg) ![16623 Lake Avenue - Photo 22](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f216480808r.jpg) ![16623 Lake Avenue - Photo 23](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f903129365r.jpg) ![16623 Lake Avenue - Photo 24](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f3777647491r.jpg) ![16623 Lake Avenue - Photo 25](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f390124285r.jpg) ![16623 Lake Avenue - Photo 26](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f3271368108r.jpg) ![16623 Lake Avenue - Photo 27](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f852451780r.jpg) ![16623 Lake Avenue - Photo 28](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f4087551089r.jpg) ![16623 Lake Avenue - Photo 29](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f1458058627r.jpg) ![16623 Lake Avenue - Photo 30](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f727283915r.jpg) ![16623 Lake Avenue - Photo 31](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f3985560631r.jpg) ![16623 Lake Avenue - Photo 32](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f4067501970r.jpg) ![16623 Lake Avenue - Photo 33](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f1696686926r.jpg) ![16623 Lake Avenue - Photo 34](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f1871695888r.jpg) ![16623 Lake Avenue - Photo 35](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f1200116039r.jpg) ![16623 Lake Avenue - Photo 36](http://lh.rdcpix.com/148287a86e2919e228670a00484066d4l-f375050304r.jpg) --- **MLS#:** PW26128386 | **Updated:** 2026-10-27 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/16623-lake-avenue-paramount-ca-90723-e7b057a532fa4fff8959b596340be5a3) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/16623-lake-avenue-paramount-ca-90723-e7b057a532fa4fff8959b596340be5a3#listing", "url": "https://www.propertysimple.ai/listing/16623-lake-avenue-paramount-ca-90723-e7b057a532fa4fff8959b596340be5a3", "name": "16623 Lake Avenue, Paramount, CA 90723", "description": "The home you love, and the opportunity you were waiting for. $150,000 Price Cut! Large Home, Lowest price in the area for New Construction of this size, plus an 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 are throughout- no repairs, no upgrades, and no worries. The ~817 sq. ft. ADU is a complete 2-bedroom, 1-bath residence with its own address and the same cohesive look and finish as the main home. It functions independently with a private entrance, dedicated parking, separate utilities, its own laundry, a full kitchen with quartz counters and stainless appliances, and open living and dining areas. One of this property's most unique features 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. It also offers additional storage inside and out! Modern convenience continues with exterior cameras. Centrally located in Los Angeles County, Paramount sits near Long Beach, Downey, Lakewood, and Bellflower at the crossroads of the 105, 710, 91, and 605 freeways. Downtown LA, the South Bay, and Orange County are within easy reach. Continued retail, dining, infrastructure, and residential investment, including the new Sprouts-anchored Paramount Square, reflects the city's momentum. The income potential here is real and immediate. Both the main home and the ADU include paid solar panels. No monthly solar payment. The panels transfer with the property and start reducing energy costs from day one. 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