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Paramount, CA

$1,345,000

16623 Lake Avenue, Paramount, CA
2026
Built
27
Days listed

About this home

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!

Facts & features

Interior
Interior features
Stone Counters, Recessed Lighting, All Bedrooms Up, Bedroom On Main Level, Main Level Primary, Multiple Primary Suites, Utility Room, Walk In Closets
Appliances
Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
Flooring
Laminate, Vinyl
Fireplace
None
Heating
Forced Air
Cooling
Central Air
Laundry
Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
Levels
One, Two
Exterior & lot
Lot size
0.099 acres (4,322 sq ft)
Pool
None
View
Neighborhood
Architectural style
Contemporary, Traditional
Year built
2026
New construction
Yes
Parking
Attached Carport, Concrete, Door Multi, Direct Access, Driveway Level, Garage, Garage Door Opener, Garage Faces Rear, Side By Side
Parking spaces
8
Community
Area
RK - Paramount South of Somerset
County
Los Angeles
Community features
Gutters, Sidewalks, Park
Listing details
Status
Active
Property type
Duplex
Days on market
27
Listed
2026-06-18
Original price
$1,395,000
Terms
Cash, Cash To New Loan, Conventional, Contract, Exchange 1031, FHA, Submit, Va Loan
Parcel #
6046004063
MLS #
PW26130970
Listed by
Maria Olmos · Y Realty

Location

Price history

Listed
$1,395,000 · 2026-06-18
Price reduced
$1,345,000 (−$50,000)
Days on market
27
Current price
$1,345,000
Financing

Could this home be yours?

Estimated monthly payment
$8,437
$6,801 principal & interest · $1,636 taxes & insurance
$269,000
Estimate only
Loan $1,076,000

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Listing data provided by CRMLS

Listing courtesy of Y Realty. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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