Listing Agent: Maria Olmos      Broker/Office: Y Realty
16619 Lake Avenue Paramount CA 90723
$ 1,345,000
  5   |    4   |    3117 Sq Feet

Listing ID

#PW26080890

Status

Active

Property Type

Single Family Residence

Property Style

Contemporary

County

Los Angeles

Year Built

2026

Days on website

120

Description
$50,000. Price Cut! Lowest price in the area for a new house of this size and ADU. Now is the time to make your move. Welcome to 16623 Lake Avenue, a stunning 2026 new construction in the heart of Paramount. This is not your average single-family home. It is a fully equipped, income-producing property with a versatile floor plan built for multi-generational living, rental income, or both. The main home offers 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite. The open-concept design connects the kitchen, dining, and living areas into one bright, inviting space. Large windows fill every room with natural light, and modern finishes throughout mean nothing to update, nothing to repair, and nothing to worry about. One of the most unique features of this property is the private rooftop terrace. Use it to entertain guests, set up a home gym, start an organic garden, create a yoga studio, or simply enjoy the open air. Few homes in this price range offer this kind of bonus outdoor living space.,Also loaded with additional storage inside and out! The detached ADU adds outstanding value. It includes 2 bedrooms, 1 bathroom, inside laundry area, a private entrance, its own separate address, and 2 dedicated parking spaces. Live in the main home and rent the ADU, house extended family with full privacy, or use it as a private guest suite. The income potential here is real and immediate. Both the main home and the ADU include paid solar panels. No lease to assume. No monthly solar payment. The panels transfer with the property and start reducing energy costs from day one. The property also includes a 2-car attached garage plus additional parking for both units. Conveniently located near shopping, restaurants, schools, parks, and major freeways. This is a rare opportunity to own a modern, move-in-ready property with income potential, flexible living space, and long-term value.! OPEN HOUSE SATURDAY 8/29 FROM 1-4PM SEE YOU THERE.
Location
Financial Information
List Price:  $ 1345000
Property Features
Appliances:  Dishwasher, Disposal, Microwave, Refrigerator
Community Features:  Park, Sidewalks
Construction Materials:  Stucco
Direction Faces:  East
Electric:  Standard
Fencing:  Block, Wood
Flooring:  Laminate, Vinyl
Foundation Details:  Slab
Green Energy Generation:  Solar
High School District:  Los Angeles Unified
Laundry Features:  Inside
Levels:  One
Parking Features:  Concrete, Garage
Property Condition:  Turnkey
Road Surface Type:  Paved
Roof:  Composition
Senior Community YN:  false
Structure Type:  House
View:  Neighborhood
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  RK - Paramount South of Somerset
City:  Paramount
Listed By:   Maria Olmos   Y Realty 
CA Lic#