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$1,395,000 Coming Soon
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Property Description
Brand-new construction 2026 in the heart of Paramount, featuring a rare, versatile layout ideal for multi-generational living or income potential. This move-in-ready property offers a spacious main residence with 5 bedrooms and 4 bathrooms, thoughtfully designed with modern finishes, an open-concept floor plan, and abundant natural light throughout. The gourmet kitchen flows seamlessly into the living and dining areas, creating the perfect space for everyday living and entertaining. Each bedroom is well-proportioned, with multiple en-suite configurations providing comfort and privacy. There's a primary bedroom and bath on the first floor for your convenience, plus an additional guest bathroom. The property also includes a 2-car garage with additional parking for the main house. The detached ADU features 2 bedrooms and 1 bathroom, an inside laundry area, 2 parking spaces, a private entrance, and a separate address, offering an excellent opportunity for rental income, extended family, or guest use. Built with quality and functionality in mind, this home delivers the benefits of new construction, including Paid Solar panels on both units, energy efficiency, updated systems, and low maintenance. Both homes have their individual meters, including water. Conveniently located near major freeways, shopping, dining, and local amenities. A strong opportunity for buyers looking for flexibility, long-term value, and additional income. Ready to move in. Turnkey..and Great Location.
Full Property Details
Full Property Details for 16623 Lake Ave
General
- Price: $1,395,000
- Status: Coming Soon
- Type: Single Family
- Source: MRMLS
- MLS ID: PW26128386
- Updated: Today (6/12/2026)
- Added to Site: Today
Interior
- Rooms/Areas: Primary Bedroom, All Bedrooms Up, Main Floor Primary Bedroom, Main Floor Bedroom, Primary Bathroom
- Interior Features: Recessed Lighting, Stone Counters
- Fireplace(s): None
- Eating Areas: Breakfast Counter/Bar, In Living Room, Dining Room
- Appliances: Tankless Water Heater, Electric Oven, Electric Water Heater, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Vented Exhaust Fan, Microwave, Water Heater
- Flooring: Vinyl, Laminate
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: Inside, Individual Room, Electric Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Deck/Patio: Concrete, Rooftop
Parking
- Garage: Yes
- Garage Spaces: 2
- Carport Spaces: 2
- Parking: Carport, Garage (Direct Access), Driveway Level, Garage Faces Rear, Side-by-Side, Garage Door Opener, Garage (Two Doors)
Location
- County: Los Angeles
- Driving Directions: Paramount Blvd & 70th St.
- Direction Faces: East
School Information
- School District: Paramount 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: Modern, 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: Two
- Stories Description: Two
- Square Feet: 3,117
- Sq. Ft. Source: Assessor
- Year Built: 2026
- Year Built Source: Estimated
- 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): Wood, Brick, Wrought Iron
Financial Considerations
- Price Per Sq. Ft.: $447.55
Disclosures and Reports
- Special Conditions: Standard
Listed by Y Realty, Maria Olmos
Get Pre-Approved Today
Schools
Schools serving 16623 Lake Ave
School District:Paramount Unified School District
| Name | Grades | Distance |
|---|---|---|
Major Lynn Mokler School 8571 Flower Street, Paramount, CA 90723 | K-5 | 0.8 mi |
Alondra Middle School 16200 Downey Avenue, Paramount, CA 90723 | 6-8 | 0.7 mi |
Paramount High School 14429 Downey Avenue, Paramount, CA 90723 | 9-12 | 1.4 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 16623 Lake Ave
Date
Details
Price
Change
Source
6/12/2026
Listed
$1,395,000
—
MLS
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
Tax History for 16623 Lake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,963
7%
$147,900
2%
2024
$1,839
—
$145,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16623 Lake Ave
16623 Lake Avenue, Paramount, CA 90723 (MLS# PW26128386) is a Single Family property with 7 bedrooms and 5 full bathrooms. 16623 Lake Avenue is currently listed for $1,395,000 and was received on June 12, 2026. Want to learn more about 16623 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.

