59
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$1,248,888
Est. payment /mo
7 Beds
5 Baths
4,322 Sqft Lot
Price Dropped by $76K
16623 Lake Avenue Paramount, CA 90723
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26130970
Bedrooms 7
Lot Size 4,322 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This is the home you love, and the opportunity you were waiting for. Almost $150,000 Price Cut! Large Home, 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, repair, or worry about. 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.,Also loaded with additional storage inside and out! The detached ADU adds outstanding value. It includes 2 bedrooms, 1 bathroom, an indoor 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. T
Location
State CA
County Los Angeles
Zoning Assessor
Direction Paramount and 70th St.
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6046004063
Acceptable Financing Cash, Conventional, Exchange, FHA, Land Contract, VA
Listing Terms Cash, Conventional, Exchange, FHA, Land Contract, VA
Virtual Tour https://www.wellcomemat.com/video/58p842bb2ee91mokc/PAR/CA/90723/16623-Lake-AV/PW26130970/
Listed by Maria Olmos, DRE#00956497 Y Realty
NEARBY SCHOOL & BUSINESS
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