16623 Lake Avenue, Paramount, CA 90723 - Berkshire Hathaway HomeServices California Properties

$50,000 PRICE CUT! Great neighbourhood! Huge Price Reduction!! 2026 NEW CONSTRUCTION! Welcome to this beautiful, move-in-ready property in the heart of Paramount, offering a rare and versatile floor plan that is perfect for multi-generational living or generating rental income. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite 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 area, with 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 and 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! Great and quiet neighborhood! Open House Saturday 8/15 11-2pm!

Property type: Single Family Residence (Single Family)

Status: Active

MLS# PW26128386

List price is $1,345,000 Reduced by $50,000 on 7/9/2026

HOA Fee is $0.00

Beds: 5

Baths: 4 (4 full)

None fireplaces

Built in 2026

3,117 sqft

2 stories

0.10 acres

Lot size: 0.0992

County: Los Angeles

Property style: Contemporary,Modern

Construction: Stucco

Interior features: Breakfast Bar,Separate/Formal Dining Room,Stone Counters,Recessed Lighting,All Bedrooms Up,Bedroom on Main Level,Main Level Primary

Exterior features: Lighting,Rain Gutters

Appliances: Dishwasher,Electric Cooktop,Electric Oven,Electric Water Heater,Disposal,Microwave,Refrigerator,Tankless Water Heater,Vented Exhaust Fan,Water Heater

Parking description: Carport,Door-Multi,Direct Access,Driveway Level,Garage,Garage Door Opener,Garage Faces Rear,Side By Side

Lot description: ZeroToOneUnitAcre,Drip Irrigation/Bubblers,Sprinklers In Front,Near Park,Sprinkler System

Heating/cooling: Central Air

Heating description: Forced Air

MLS area: RK - Paramount South of Somerset

Last Updated: 8/14/2026

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This listing belongs to the RK - Paramount South of Somerset MLS area

The style of this listing is Contemporary,Modern.
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Lat/Long: 33.882838, -118.162193.
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Listing Agent: Maria Olmos
Lic#: 00995175
Office Name: Beverly Hills

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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