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The home you love...the opportunity you were waiting for $150,000 Price Cut! Large Home, Lowest price in the area for New Construction of this size, plus a large 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 ~2300 sq. ft. of living space with 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 are throughout- no repairs, no upgrades, and no worries. The ~817 sq. ft. ADU is a complete 2-bedroom, 1-bath residence with its own address and the same cohesive look and finish as the main home. It functions independently with a private entrance, dedicated parking, separate utilities, its own laundry, a full kitchen with quartz counters and stainless appliances, and open living and dining areas. One of this property's most unique features 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. It also offers additional storage inside and out! Modern convenience continues with exterior cameras included. The income potential here is real and immediate. Both the main home and the ADU include PAID solar panels. No monthly solar payment. The panels transfer with the property and start reducing energy costs from day one. The property also includes an oversized 2-car attached garage equipped with 220 volts for EV charching, plus additional parking for both units.This is a rare opportunity to own a modern, move-in-ready property with income potential, flexible living space, and long-term value. Centrally located in Los Angeles County, Paramount sits near Long Beach, Downey, Lakewood, and Bellflower at the crossroads of the 105, 710, 91, and 605 freeways. Downtown LA, and Orange County are within easy reach. Continued retail, dining, infrastructure, and residential investment, including the new Sprouts-anchored Paramount Square, reflects the city's momentum. Come visit, this home is waiting for you!
Property Type(s):
Residential Income
| Last Updated | 10/8/2026 | 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 - Oct 1, '26 | $1,345,000 |
| Oct 1, '26 - Oct 8, '26 | $1,325,000 |
| Oct 8, '26 - Today | $1,248,888 |
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 | Yes |
| HEAT | Forced Air |
| INTERIOR | Master Downstairs, Recessed Lighting, Stone Counters, Walk-In Closet(s) |
| LOT | 4321 sq ft |
| LOT DIMENSIONS | 4322 |
| PARKING | Attached Carport, Concrete, Direct Access, Garage, Garage Door Opener, Garage Faces Rear, Side By Side |
| POOL DESCRIPTION | None |
| STORIES | One, Two |
| STYLE | Contemporary, Traditional |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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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.
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