
Paramount, California 90723
Analysis of 16623 Lake Avenue, Paramount, California 90723 is currently available with a list price of $1,345,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Paramount Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Brand-new 2026 construction in mint condition. Features modern gourmet kitchens with stainless steel appliances, contemporary bathrooms, and brand-new energy-efficient systems including paid solar panels.
As a 2026 build, the property offers modern energy efficiency, updated systems, and paid solar panels, significantly reducing long-term maintenance costs and providing immediate move-in readiness.
The detached 2-bedroom ADU with its own private entrance and address offers a turnkey opportunity for significant rental income or flexible multi-generational living arrangements.
The main residence features a rare 5-bedroom configuration, including a convenient first-floor primary suite and multiple en-suite bathrooms, ideal for large families or guest privacy.
With over 3,100 square feet of living space situated on a 4,322 square foot lot, the property has a high building-to-land ratio, resulting in minimal yard space for recreation or gardening.
The list price of $1.395M represents the top tier of the Paramount market, which may limit the pool of qualified buyers and require strong comparable sales to support the valuation.
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.
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 | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,117 | 1,448 |
| Lot Size | 4,322 | 6,303 |
| Price | $1.34M | $715.0K |
| Price per sq ft | $432 | $683 |
| Built year | 2026 | 1952 |
| HOA | $0 | $0 |
| Days on market | 25 | 212 |
Jul 10, 2026
$1,345,000
$1,395,000
-4% Price Drop
Initial Listing
Jun 27, 2026
$1,395,000
Initial Listing