Request More Info
Schedule a Showing
Share
Print
|
Price reduced $50,000. 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, or simply enjoy the open air. Few homes in this price range offer this kind of bonus outdoor living space. The detached ADU adds outstanding value. It includes 2 bedrooms, 1 bathroom, inside laundry, 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 Tomorrow Wednesday Evening from 4-7pm See you there.
Property Type(s):
Single Family
| Last Updated | 7/9/2026 | Year Built | 2026 |
|---|---|---|---|
| Community | RK - Paramount South of Somerset | Garage Spaces | 2.0 |
| County | Los Angeles |
Price History
| Prior to Jul 9, '26 | $1,395,000 |
|---|---|
| Jul 9, '26 - Today | $1,345,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater |
| AREA | RK - Paramount South of Somerset |
| CONSTRUCTION | Stucco |
| EXTERIOR | Rain Gutters |
| GARAGE | Attached Garage, Yes |
| HEAT | Forced Air |
| INTERIOR | Breakfast Bar, Eat-in Kitchen, Master Downstairs, Recessed Lighting, Stone Counters, Walk-In Closet(s) |
| LOT | 4321 sq ft |
| LOT DESCRIPTION | Sprinklers In Front |
| LOT DIMENSIONS | 4322 |
| PARKING | Attached, Attached Carport, Concrete, Direct Access, Garage, Garage Door Opener, Garage Faces Rear, On Street, Side By Side |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| STYLE | Contemporary, Traditional |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Y Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email