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$1,325,000 -$20,000 (-1.49%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 4 Full Baths
  • 3,117 Sq. Ft.
  • 2 Car Garage
  • Updated 3 hours ago
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$70,000. Price Cut! Huge Home, Lowest price in the area for a new house of this size and 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 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, create a yoga studio, or simply enjoy the open air. Few homes in this price range offer this kind of bonus outdoor living space.,Also loaded with additional storage inside and out! The detached ADU adds outstanding value. It includes 2 bedrooms, 1 bathroom, inside laundry area, 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 SATURDAY AND SUNDAY 9/26 AND 9/27 FROM 12-4PM SEE YOU THERE.

Full Property Details for 16619 Lake Ave

General

  • Price: $1,325,000
  • Status: Active
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: PW26080890
  • Updated: 10/1/2026
  • Days on Market: 141 days
  • Added to Site: 141 day(s) ago

Interior

  • Rooms/Areas: Walk-In Closet, Primary Bedroom, Utility Room, All Bedrooms Up, Main Floor Primary Bedroom, Two Primaries, Main Floor Bedroom, Primary Bathroom
  • Interior Features: Recessed Lighting, Stone Counters
  • Fireplace(s): None
  • Eating Areas: Breakfast Counter/Bar, In Living Room, Dining Room, In Kitchen
  • Appliances: Tankless Water Heater, Electric Water Heater, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Vented Exhaust Fan, Microwave, Water Heater
  • Flooring: Vinyl, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside, Individual Room, Electric Dryer Hookup, Washer Hookup

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Carport Spaces: 2
  • Parking: Garage, Concrete, Garage (Direct Access), Driveway Level, Garage Faces Rear, Side-by-Side, Garage Door Opener, Attached Carport, Garage (Two Doors), Street

Location

  • County: Los Angeles
  • Driving Directions: Paramount and Alondra Blvd.
  • Direction Faces: East

School Information

  • School District: Los Angeles Unified

Community

  • Community Features: Sidewalks, Park

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Paid
  • Water: Public

Structural Information

  • Architectural Style: Traditional, Contemporary
  • Structure Type: Single Family Residence
  • Construction: Stucco
  • Foundation: Slab
  • Roof: Composition
  • Common Walls: No Common Walls
  • Windows: Double-Pane Windows
  • Entry Location: 1
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 3,117
  • Sq. Ft. Source: Assessor
  • Year Built: 2026
  • Year Built Source: Assessor
  • Property Condition: Turnkey

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.0992
  • Lot Size (Sq. Ft.): 4,322
  • Lot Size Source: Assessor
  • Irrigation System: Sprinkler System
  • Lot Description: Sprinklers in Front, 0-1 Unit/Acre, Park Nearby, Drip Sprinkler System, Sprinkler System
  • Fencing (Description): Block, Wood, Wrought Iron

Green Features

  • Energy Generation: Solar
  • Water Conservation: Flow Control

Financial Considerations

  • Price Per Sq. Ft.: $425.09

Disclosures and Reports

  • Special Conditions: Standard

Listed by Y Realty, Maria Olmos

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Listing agent

— 16619 Lake Ave —

  • Maria Olmos

    Y Realty

5628246227

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 16619 Lake Ave

School District:Paramount Unified School District
NameGradesDistance
Major Lynn Mokler School
8571 Flower Street, Paramount, CA 90723
K-50.8 mi
Alondra Middle School
16200 Downey Avenue, Paramount, CA 90723
6-80.7 mi
Paramount High School
14429 Downey Avenue, Paramount, CA 90723
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16619 Lake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/01/2026
Price Reduced
$1,325,000
-1.49%
MLS
7/09/2026
Price Reduced
$1,345,000
-3.58%
MLS
5/13/2026
Listed
$1,395,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 16619 Lake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,914
4%
$147,900
2%
2024
$1,839
10%
$145,000
256%
2023
$1,674
2%
$40,699
2%
2022
$1,642
2%
$39,902
2%
2021
$1,604
1%
$39,121
1%
2020
$1,588
-1%
$38,721
2%
2019
$1,602
12%
$37,963
2%
2018
$1,429
2%
$37,220
2%
2017
$1,399
6%
$36,491
2%
2016
$1,322
3%
$35,776
2%
2015
$1,284
-2%
$35,240
2%
2014
$1,311
2%
$34,550
—
2013
$1,283
—
$34,395
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Y Realty, Maria Olmos

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16619 Lake Avenue, Paramount, CA 90723 (MLS# PW26080890) is a Single Family property with 5 bedrooms and 4 full bathrooms. 16619 Lake Avenue is currently listed for $1,325,000 and was received on May 13, 2026. Want to learn more about 16619 Lake Avenue? Do you have questions about finding other Single Family real estate for sale in Paramount? You can browse all Paramount real estate or contact a Coldwell Banker agent to request more information.

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