16623 Lake Ave , Paramount, CA 90723
$1,345,000
Est. Payment: $6,767.83/mo
5 Bed
4 Bath
3117 Sqft
Status: active | Days on site: 42
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

$50,000 PRICE CUT! Great neighbourhood! 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 area, with 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 and additional parking for the main residence, and is conveniently located near 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 SUNDAY 8/9 from 4-6pm.

Highlights

Listed by Maria Olmos , 5628246227 Y Realty , 877-976-5348. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
0.1

Year Built

2026

County

Los Angeles

Area

RK - Paramount South of Somerset

School District

Paramount Unified

Listing ID

PW26128386

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:4
  • Full Bathrooms:4
Appliances:Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
Air Cond:Central Air
Fireplaces:
Floor:Laminate,Vinyl
Other:Breakfast Bar,Separate/Formal Dining Room,Stone Counters,Recessed Lighting,All Bedrooms Up,Bedroom on Main Level,Main Level Primary
Other:Public

Exterior Features

Lot:0-1 Unit/Acre,Drip Irrigation/Bubblers,Sprinklers In Front,Near Park,Sprinkler System,No Land Lease
Garage Capacity:4
Roof:Composition
Others:Lighting,Rain Gutters,Turnkey,Stucco,Has ADU
Sewer:Sewer Tap Paid
Parking Features:Carport,Door-Multi,Direct Access,Driveway Level,Garage,Garage Door Opener,Garage Faces Rear,Side By Side

Open House

Upcoming Open Houses
Sunday 1:00 pm - 4:00 pm Aug 9
Principal Interest
$6,768
Taxes
$857

Home Price

$1,345,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$269,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,767.83

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,767.83 $857.44 $0.00 $7,625.26
Yearly $81,213.93 $10,289.25 $0.00 $91,503.18
Total $2,436,417.85 $308,677.50 $0.00 $2,745,095.35

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Paramount, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T22:36:24.000Z

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