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16623 Lake Avenue

Paramount CA 90723

5
4
4
3117 sq. ft.
4322 sq. ft.
Single-Family
Currently for sale - view listing

Overview

$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 neighbourhood! OPEN HOUSE THURSDAY from 10-1pm and again same day from 4-6pm

Features

5 bedrooms
4 bathrooms
4 carspaces
2 carport spaces
2 garage spaces
3117 sq. ft. floor area
4322 sq. ft. lot size
Single-Family

Happy sellers in Paramount

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Local market activity for 5 bedroom single-family properties in Paramount

In the last 12 months, 1 five-bedroom single-family similar to 16623 Lake Avenue, have been sold.

This represents a 75% increase in five-bedroom single-family properties sales when compared to the previous 12 months.

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