16623 Lake Avenue, Paramount, CA 90723

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List Price
$1,248,888
Price Change
▼ $76,112 1791505560
Status
ACTIVE
MLS#
PW26130970
Year Built
2026
Lot Size
4,322
Acres
0.10
Lot Location
0-1 Unit/Acre, Drip Irrigation/Bubblers, Near Park, Sprinkler System
Days on Market
110
Property Type
Multifamily
Style
Contemporary, Traditional
Property Sub Type
Duplex
Stories
One Level, Two Levels

Property Description

Welcome to 16623 Lake Avenue, a brand-new 2026 home in the heart of Paramount. This property gives you two full homes on one lot: a large 5-bedroom, 4-bathroom main house and a detached 2-bedroom, 1-bathroom ADU. That is 7 bedrooms and 5 bathrooms in total, with room for family, guests, or rental income. The main home offers about 2317 sq. ft. with a first-floor primary suite, a big plus for anyone who wants to avoid stairs. The open floor plan joins the kitchen, dining, and living areas into one bright space. Large windows bring in natural light, and the home includes quartz counters and stainless steel appliances. Everything is new, so nothing needs fixing or updating. You will also find extra storage inside and out. Step up to the private rooftop terrace, a feature few homes in this price range offer. Host friends, set up a home gym or yoga space, grow a garden, or just relax in the open air. The detached ADU, with 2 bedrooms and about 817 sq. ft., sits apart from the main home for true privacy. It has its own address, a private entrance, indoor laundry, separate utilities, and 2 dedicated parking spaces. Live in the main home and rent the ADU, give extended family their own space, or use it as a guest suite. Both homes have paid solar panels. No lease to take over and no monthly solar bill. The panels stay with the property and help lower energy costs. No HOA. No Mello-Roos. The property also includes a 2-car attached garage plus extra parking for both homes. Paramount is centrally located near Long Beach, Downey, Lakewood, and Bellflower, with quick access to the 105, 710, 91, and 605 freeways. Shopping, dining, schools, and parks are all close by. New construction, two homes, a rooftop terrace, and paid solar, now at a lower price. Schedule your showing today.

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
Interior Features
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
2
Gross Scheduled Income
$99,600

Listing courtesy of Listing Agent: Maria Olmos (msolmos@me.com) from Listing Office: Y Realty.

Mortgage Calculator

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Calculator source: Real Geeks

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.