16211 Downey, Paramount, California 90723, Paramount, 90723 - 1 bed, 1 bath
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Paramount, California 90723
This Turnkey Condominium represents a Strong Value Opportunity, listed at $465,000—positioned above the $441,902 Fair Market Value. While priced slightly above market, the property maintains an Excellent Condition Rating due to recent capital improvements, including a 2025 balcony rebuild and 2023 shower remodel. Featuring a Granite Kitchen, Private Balcony, and Resort-Style Amenities like pickleball courts and a pool, this home offers a premium lifestyle. Located near Top-Rated Schools like Compton Early College High, it is an ideal sanctuary for first-time buyers or owner-occupants seeking a move-in-ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16211 Downey Subject | $465,000* List Price | 1 | 1 | 750 | $589 | - |
A 16211 Downey 68 Sold | $455,000 | 1 | 1 | 776 | $586 | 0.0 mi |
B 15000 Downey Avenue 135 Active | $457,000 List Price | 2 | 1 | 858 | $533 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, the property qualifies as Excellent due to extensive renovations within the last 5 years. Key updates include a full shower remodel (2023), a new water heater (2025), and a completely rebuilt balcony (2025). The kitchen features modern granite countertops and updated tiling, while the HVAC system has been recently serviced (2026). The interior shows mint-condition flooring and finishes, making it fully turn-key.
High School: Compton Early College High (9/10).
The property is meticulously maintained with significant recent capital improvements, including a 2023 shower remodel, a 2025 water heater, and a 2025 balcony reconstruction, ensuring a move-in-ready experience for the buyer.
As a top-floor corner unit, this condo offers enhanced privacy, high vaulted ceilings, and superior natural light through panoramic windows, complemented by peaceful views of the community's signature streams and greenery.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =329744, other record lot size in square feet = 329662. Living area discrepancy between mls listing and other public or private record. mls listing living area = 750, other record living area = 1332. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The monthly association fee of $414 is relatively high for a one-bedroom unit, and the extensive list of 'upcoming updates' to the complex could lead to future fee increases or special assessments.
At 750 square feet, the living space is compact, which may limit appeal for buyers seeking a home office or more versatile layout options common in larger residential types.
Two assigned parking spaces, in-unit washer/dryer, high ceilings, quiet gated community! Beautiful one bedroom condo in the Resort Style, gated community of Lake Terrace in the City of Paramount. Enjoy the peaceful sound of running streams throughout the complex. This is a large top floor corner condo with views of the greenery, streams, and corner lot provides a lot of privacy. Upon entering the home, you step into the open living room, filled with natural light highlighted by panoramic windows and a warm, welcoming fireplace. The living room flows into the formal dining area. The kitchen has recently updated features and offers plenty of cabinetry, updated countertops, and a breakfast nook that opens to the living room, creating a seamless open floor plan. Direct access to the large balcony from the living room allows you to host and enjoy the outdoor space as an extension of the interior living space. The bedroom features high ceilings, ample storage including two closets, and private access to the bathroom. Washer and Dryer are located on the balcony in its own private closet. The HOA is in the process of upcoming updates, including the renovation of the roof, stucco, and siding, as well as the installation of solar panel carports. This unit comes with two assigned parking spaces, one covered and one uncovered, and additional guest parking is readily available. The sales price includes all appliances. Enjoy exclusive access to a key fob-entry mailroom, refreshing pool and pickle ball courts within the community. Updates include: Balcony was fully removed and rebuilt by HOA in 2025, Shower remodeled in 2023, Water Heater in 2025, Furnace has annual tune-ups recently completed April 2026 with a 6 month warranty and much more. This home has been meticulously maintained and is fully turn key. Welcome home!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 36% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 750 | 1,066 | 21% |
| Lot Size | 329,744 | 116,541.5 | 79% |
| Price | $465.0K | $472.5K | 29% |
| Price per sq ft | $620 | $456 | 93% |
| Built year | 1981 | 1986 | 50% |
| HOA | $414.0 | $352 | 86% |
| Days on market | 23 | 189 | 14% |
May 14, 2026
$465,000
Initial Listing