Date
Details
Price
Change
Source
6/27/2026
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.
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Property Description
2026 NEW CONSTRUCTION! Welcome to this beautiful, move-in-ready property in the heart of Paramount, offering a rare and versatile floor plan perfect for multi-generational living or rental income. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient primary suite on the first floor 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, 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, 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.
Open House Sunday, June 28, from 11:00 AM to 2:00 PM.
Full Property Details
Full Property Details for 16623 Lake Ave
General
- Price: $1,395,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26130970
- Updated: 6/29/2026
- Days on Market: 2 days
- Added to Site: 3 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.: $447.55
- Price Per Unit: 697500
Listed by Y Realty, Maria Olmos
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 16623 Lake Ave —
Maria Olmos
Y Realty
5628246227
NMLS#: 1598647Get 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
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
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- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 1Total Bath
- 859Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 2,152Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,655Sq. Ft.
- Single Family
- Active
- Updated 7 hours ago
- 4Beds
- 2Total Baths
- 1,782Sq. Ft.
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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 $1,395,000 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.