16623 Lake AvenueParamount, CA 90723

Description

The home you love...the opportunity you were waiting for $150,000 Price Cut! Large Home, Lowest price in the area for New Construction of this size, plus a large 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 ~2300 sq. ft. of living space with 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 included. 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 an oversized 2-car attached garage equipped with 220 volts for EV charching, plus additional parking for both units.This is a rare opportunity to own a modern, move-in-ready property with income potential, flexible living space, and long-term value. 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, 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. Come visit, this home is waiting for you!

Property Information

Property type

Residential Income

Sub-type

Duplex

Style

Contemporary / Traditional

Year built

2026

Stories

2

Building area

3,117 Sq Ft

Lot size

0.10 acres

Garage spaces

2

Parking spaces

8

Days on market

132

MLS^® Listing#

PW26130970

Property Features

Interior

Stone Counters · Recessed Lighting · Walk-In Closet(s) · Master Downstairs

Exterior

Rain Gutters

Appliances

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

Cooling

Central Air

Heating

Forced Air

Flooring

Laminate · Vinyl

Fireplace

None

Pool

None

Parking

Attached Carport · Concrete · Direct Access · Garage · Garage Door Opener · Garage Faces Rear · Side By Side

Laundry

Washer Hookup · Electric Dryer Hookup · Inside · Laundry Room

Fencing

Block · Wood · Wrought Iron

Construction

Stucco

Foundation

Slab

Roof

Composition

Windows

Double Pane Windows

Community

Sidewalks · Park

Utilities

Electricity Connected · Sewer Connected · Water Connected

Water source

Public

Rooms

Financial Details

HOA

None

Parcel number

6046004063

Directions

Paramount and 70th St.

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