16619 Lake Avenue, Paramount, CA 90723
- $1,345,000
- 5
- BD
- 4
- BA
- 3,117
- SqFt
- List Price
- $1,345,000
- Price Change
- ▼ $50,000 1783688811
- Status
- ACTIVE
- MLS#
- PW26080890
- Year Built
- 2026
- Bedrooms
- 5
- Bathrooms
- 4
- Living Sq. Ft
- 3,117
- Lot Size
- 4,322
- Acres
- 0.10
- Lot Location
- 0-1 Unit/Acre, Drip Irrigation/Bubblers, Sprinklers In Front, Near Park, Sprinkler System
- Days on Market
- 77
- Property Type
- Single Family Residential
- Style
- Contemporary, Traditional
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Price reduced $50,000. 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 throughout mean nothing to update, nothing to repair, and nothing to worry about. One of the most unique features of this property is the private rooftop terrace. Use it to entertain guests, set up a home gym, start an organic garden, or simply enjoy the open air. Few homes in this price range offer this kind of bonus outdoor living space. The detached ADU adds outstanding value. It includes 2 bedrooms, 1 bathroom, inside laundry, a private entrance, its own separate address, and 2 dedicated parking spaces. Live in the main home and rent the ADU, house extended family with full privacy, or use it as a private guest suite. The income potential here is real and immediate. Both the main home and the ADU include paid solar panels. No lease to assume. 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. Open House Tomorrow Wednesday Evening from 4-7pm See you there.
Additional Information
- Appliances
- Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
- Pool Description
- None
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Exterior Construction
- Stucco
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Sewer Tap Paid
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- Breakfast Bar, Separate/Formal Dining Room, Eat-in Kitchen, Stone Counters, Recessed Lighting, All Bedrooms Up, Bedroom on Main Level, Main Level Primary, Multiple Primary Suites, Utility Room, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Maria Olmos (msolmos@me.com) from Listing Office: Y Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.