16619 Lake Avenue, Paramount, California 90723, Paramount, 90723 - 5 bed, 4 bath
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Paramount, California 90723
This 2026 New Construction Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,395,000, which aligns perfectly with its $1,395,000 Fair Market Value. Featuring a Mint Condition Rating, this property offers a rare, versatile floor plan with a 5-bedroom main home and a detached 2-bedroom ADU, ideal for multi-generational living or rental income. With paid solar panels and a spacious rooftop terrace, it provides modern efficiency and luxury. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16619 Lake Avenue Subject | $1,345,000* List Price | 5 | 4 | 3,117 | $432 | - |
A 16623 Lake Avenue Active | $1,345,000 List Price | 5 | 4 | 3,117 | $432 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a 2026 new construction property in mint condition. It features modern kitchens with quartz countertops and stainless steel appliances (some still with protective film), contemporary bathrooms with updated fixtures, and brand-new energy-efficient systems including paid solar panels.
High School: Compton Early College High (9/10).
As a 2026 build, this property offers the peace of mind of brand-new systems and modern aesthetics, complemented by fully paid solar panels that significantly reduce long-term utility costs.
The detached ADU features two bedrooms, its own address, private entrance, and dedicated parking, providing a turnkey opportunity for significant rental income or a private multi-generational living arrangement.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4322, living area = 3117.
With 3,117 square feet of living space situated on a 4,322 square foot lot, the property has a high building-to-land ratio, resulting in very limited traditional backyard or green space.
The assigned local schools feature average ratings, which may be a drawback for education-focused buyers compared to neighboring high-performing school districts.
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, 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, additional parking for the main residence, and for the ADU. It's 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!
No exterior & parking available.
Grades K-3 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,117 | 1,262.5 |
| Lot Size | 4,322 | 6,092.5 |
| Price | $1.34M | $751.8K |
| Price per sq ft | $432 | $597 |
| Built year | 2026 | 1949 |
| HOA | $0 | $0 |
| Days on market | 70 | 52 |
Jul 10, 2026
$1,345,000
$1,395,000
-4% Price Drop
Initial Listing
May 13, 2026
$1,395,000
Initial Listing
Oct 6, 2023
$290,000
Public Record