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$1,345,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 hour ago

Next open house:

Open House: 1:00 PM - 4:00 PM

Saturday 8/29 1:00 PM - 4:00 PM

16623 Lake Avenue,Paramount, CA 90723

16623 Lake AvenueParamountCA90723

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$50,000 PRICE CUT!! HUGE PRICE REDUCTION--2026 NEW CONSTRUCTION! This is your opportunity to own one of Paramount's best values. Beautifully designed and move-in ready, this exceptional property offers a rare combination of modern living, flexible space, and income potential. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite. The bright open floor plan is filled with natural light and offers a seamless flow between the living room, dining area, and gourmet kitchen. The kitchen is designed for both everyday living and entertaining, featuring quartz countertops, stainless steel appliances, abundant cabinet space, and a large center island. The detached ADU adds incredible value with 2 bedrooms, 1 bathroom, inside laundry, a private entrance, its own address, and 2 dedicated parking spaces. It is perfect for extended family, guests, or rental income. Built with quality and energy efficiency in mind, both homes include paid solar panels, central heating and air conditioning, tankless water heaters, dual-pane Low-E windows, recessed LED lighting, waterproof flooring, EV charger readiness, and separate laundry areas. One of the highlights of this property is the spacious rooftop terrace. Create your own outdoor lounge, home gym, yoga retreat, entertaining space, or simply relax and enjoy the open views. The property also offers a 2-car attached garage, with additional parking for the main home and for the ADU. it's conveniently located near schools, shopping, restaurants, parks, and major freeways. Whether you're looking for a spacious family home, a property with rental income, or a smart long-term investment, this home checks all the boxes. Don't miss this incredible opportunity. Visit this home before it's gone and see everything this beautiful new home has to offer!! OPEN HOUSE SATURDAY 8/29 FROM 1-4PM..SEE YOU SOON.

Full Property Details for 16623 Lake Ave

General

  • Price: $1,345,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW26130970
  • Updated: 8/28/2026
  • Days on Market: 62 days
  • Added to Site: 62 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
  • Appliances: Tankless Water Heater, Electric Water Heater, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Vented Exhaust Fan, Microwave, Water Heater
  • Flooring: Vinyl, Laminate

Rooms

Other Rooms

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

Additional Information

  • Pool Description: None

Exterior

  • Exterior Features: Rain Gutters

Parking

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

Location

  • Area: RK - Paramount South of Somerset
  • County: Los Angeles
  • Development Name: RK - Paramount South of Somerset
  • Driving Directions: Paramount and 70th St
  • Direction Faces: East

Heating & Cooling

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

Utilities

  • Sewer: Sewer Paid
  • Water: Public
  • # Water Meters: 2
  • # Gas Meters: 2
  • # Electric Meters: 2

Structural Information

  • Architectural Style: Traditional, Contemporary
  • Foundation: Slab
  • Roof: Composition
  • Windows: Double-Pane Windows
  • Entry Location: 1
  • Stories/Levels: One,Two
  • Stories Description: One, Two
  • Square Feet: 3,117
  • Year Built: 2026

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 5

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.0992
  • Lot Size (Sq. Ft.): 4,322
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre, Park Nearby, Drip Sprinkler System, Sprinkler System

Financial Considerations

  • Price Per Sq. Ft.: $431.5
  • Price Per Unit: 672500

Listed by Y Realty, Maria Olmos

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Listing agent

— 16623 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 16623 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 16623 Lake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/09/2026
Price Reduced
$1,345,000
-3.58%
MLS
6/27/2026
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 16623 Lake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,963
—
$260,100
76%
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.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Y Realty, Maria Olmos

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16623 Lake Avenue, Paramount, CA 90723 (MLS# PW26130970) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 16623 Lake Avenue is currently listed for $1,345,000 and was received on June 27, 2026. Want to learn more about 16623 Lake Avenue? Do you have questions about finding other Multi-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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