REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Maria Olmos

msolmos2@gmail.com +1(562) 824-6227

$ 1,248,888

Est. payment | -/mo

4,321 Sqft Lot

Save Virtual Tour

$ 1,248,888

Est. payment | -/mo

Save Virtual Tour

4,321 Sqft Lot

Open House

Sat Oct 24, 1:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26130970

Construction Status Turnkey

HOA Y/N No

Year Built 2026

Lot Size 4,321 Sqft

Property Sub-Type Duplex

Property Description

This is the home you love, and the opportunity you were waiting for. $150,000 Price Cut! Large Home, Lowest price in the area for new construction of this size, plus an 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 are throughout- no repairs, no upgrades, and no worries. The ~817 sq. ft. ADU is a complete 2-bedroom, 1-bath residence with its own address and the same cohesive look and finish as the main home. It functions independently with a private entrance, dedicated parking, separate utilities, its own laundry, a full kitchen with quartz counters and stainless appliances, and open living and dining areas. One of this property's most unique features 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. It also offers additional storage inside and out! Modern convenience continues with exterior cameras. Centrally located in Los Angeles County, Paramount sits near Long Beach, Downey, Lakewood, and Bellflower at the crossroads of the 105, 710, 91, and 605 freeways. Downtown LA, the South Bay, and Orange County are within easy reach. Continued retail, dining, infrastructure, and residential investment, including the new Sprouts-anchored Paramount Square, reflects the city's momentum. The income potential here is real and immediate. Both the main home and the ADU include paid solar panels. 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!..

Location

State CA

County Los Angeles

Area Rk - Paramount South Of Somerset

Interior

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)

Heating Forced Air

Cooling Central Air

Flooring Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater

Laundry Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room

Exterior

Exterior Feature Rain Gutters

Parking Features Attached Carport, Concrete, Door-Multi, Direct Access, Driveway Level, Garage, Garage Door Opener, Garage Faces Rear, Side By Side

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Block, Wood, Wrought Iron

Pool None

Community Features Gutter(s), Sidewalks, Park

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Drip Irrigation/Bubblers, Near Park, Sprinkler System

Faces East

Story 2

Entry Level One,Two

Foundation Slab

Sewer Sewer Tap Paid

Water Public

Architectural Style Contemporary, Traditional

Level or Stories One, Two

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 6046004063

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Submit, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Submit, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.wellcomemat.com/mls/58p864b2e9931mokb

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Maria Olmos Y Realty 5628246227, DRE #00956497

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

We respect your privacy! Your information WiLL NOT BESHARED,SOLD, or REMTED to anyone, for any reasonoutside the course of normalreal ostate exchange,Bysubmitting, you agree to our Terms of Use and PrlvacyPolicy.

Maria Olmos

Agent License ID: 00956497

+1(562) 824-6227 | msolmos2@gmail.com

16623 Lake AVE Paramount, CA 90723

Maria Olmos

Open House

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

16623 Lake AVE