16623 Lake Avenue
Paramount, CA 90723
Listing broker / agent: Y Realty · Maria Olmos · 5628246227 · CRMLS
MLS # PW26130970 · Last checked Oct 19, 2026 03:54 UTC
About this property
This is 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!
Property details
- MLS number
- PW26130970
- Status
- Active
- Type
- Residential Income
- Subtype
- Duplex
- Lot size
- 0.0992 acres
- County
- Los Angeles
- Year built
- 2026
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 113
Building
- Year built
- 2026
- Year built source
- Assessor
- Architectural style
- Contemporary, Traditional
- Stories
- 1
- Building stories
- 2
- Levels
- One, Two
- Entry level
- 1
- Construction
- Stucco
- Roof
- Composition
- Foundation
- Slab
- Condition
- Turnkey
Rooms & interior
- Rooms
- Bedroom, Primary Bathroom, Primary Bedroom, Other, Utility Room
- Appliances
- Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
- Interior features
- Stone Counters, Recessed Lighting, All Bedrooms Up, Bedroom On Main Level, Main Level Primary, Multiple Primary Suites, Utility Room, Walk In Closets
- Flooring
- Laminate, Vinyl
- Heating
- Forced Air
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
Exterior & parking
- Total parking spaces
- 8
- Garage spaces
- 2
- Carport spaces
- 2
- Parking
- Attached Carport, Concrete, Door Multi, Direct Access, Driveway Level, Garage, Garage Door Opener, Garage Faces Rear, Side By Side
- Pool
- None
- Exterior features
- Rain Gutters
- Lot features
- Zero To One Unit Acre, Drip Irrigation Bubblers, Near Park, Sprinkler System
- Lot size source
- Assessor
- Fencing
- Block, Wood, Wrought Iron
- Property outlook
- Neighborhood
Utilities & community
- Water
- Public
- Sewer
- Sewer Tap Paid
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Community features
- Gutters, Sidewalks, Park
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| McKinley Elementary Long Beach Unified · Long Beach | K–5 | 0.3 mi |
| Wesley Gaines Paramount Unified · Paramount | K–5 | 0.5 mi |
| Leona Jackson Paramount Unified · Paramount | 6–8 | 0.6 mi |
| Alondra Middle Paramount Unified · Paramount | 6–8 | 0.7 mi |
| Abraham Lincoln Paramount Unified · Paramount | K–5 | 0.7 mi |
| Major Lynn Mokler Paramount Unified · Paramount | K–5 | 0.8 mi |
| Hamilton Middle Long Beach Unified · Long Beach | 6–8 | 1.0 mi |
| Jefferson Elementary Paramount Unified · Paramount | K–5 | 1.0 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,248,888
- MLS-reported original asking price
- $1,395,000
- MLS-reported previous asking price
- $1,395,000
- MLS-reported last price change
- 2026-10-08 12:07 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 8, 2026 19:19 | $1,248,888 |
| Oct 2, 2026 08:10 | $1,325,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Paramount
Active residential homes for sale in Paramount, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
10 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 04:59 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗