- 5 Beds
- 4 Baths
- 3,117 Sqft
- .1 Acres
16619 Lake Avenue
$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.!
Essential Information
- MLS® #PW26080890
- Price$1,345,000
- Bedrooms5
- Bathrooms4.00
- Full Baths4
- Square Footage3,117
- Acres0.10
- Year Built2026
- TypeResidential
- Sub-TypeSingle Family Residence
- StyleContemporary, Traditional
- StatusActive
Community Information
- Address16619 Lake Avenue
- CityParamount
- CountyLos Angeles
- Zip Code90723
Area
RK - Paramount South of Somerset
Amenities
- Parking Spaces8
- # of Garages2
- ViewNeighborhood
- PoolNone
Utilities
Electricity Connected, Sewer Connected, Water Connected
Parking
Concrete, Door-Multi, Direct Access, Driveway Level, Garage, Garage Door Opener, Garage Faces Rear, Attached Carport, On Street, Side By Side
Garages
Concrete, Door-Multi, Direct Access, Driveway Level, Garage, Garage Door Opener, Garage Faces Rear, Attached Carport, On Street, Side By Side
Interior
- InteriorLaminate, Vinyl
- HeatingForced Air
- CoolingCentral Air
- FireplacesNone
- # of Stories2
- StoriesOne
Interior Features
Breakfast Bar, Separate/Formal Dining Room, Eat-in Kitchen, Stone Counters, Recessed Lighting, All Bedrooms Up, Bedroom on Main Level, Main Level Primary, Multiple Primary Suites, Walk-In Closet(s), Utility Room
Appliances
Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator, Tankless Water Heater, Water Heater, Electric Water Heater, Vented Exhaust Fan
Exterior
- ExteriorStucco
- Exterior FeaturesRain Gutters
- WindowsDouble Pane Windows
- RoofComposition
- ConstructionStucco
- FoundationSlab
Lot Description
ZeroToOneUnitAcre, Sprinklers In Front, Near Park, Sprinkler System, Drip Irrigation/Bubblers
School Information
- DistrictLos Angeles Unified
Additional Information
- Date ListedMay 1st, 2026
- Days on Market109
Listing Details
- AgentMaria Olmos
- OfficeY Realty
Price Change History for 16619 Lake Avenue, Paramount, (MLS® #PW26080890)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,395,000 to $1,345,000 | ||
| Status Changed from Coming Soon to Active | – |
Maria Olmos, Y Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of August 30th, 2026 at 3:21pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.