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Duplex with Rooftop Terrace
For Sale
$1,345,000

16623 Lake Avenue, Paramount, CA 90723

Paramount, CA

Property SizeContact for details
Lot Size0.10 Acres
Days on Market106

Property Features for 16623 Lake Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 4, Laundry Room, Utility Room, Bathroom 3, Bedroom 6, Bathroom 5
Parking 8
Parking features Carport, Driveway, Garage, Side By Side, Open
Window features Double Pane Windows
Interior features Recessed Lighting, Stone Counters
Appliances Tankless Water Heater, Electric Water Heater, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Vented Exhaust Fan, Microwave, Water Heater
Lot features 0-1 Unit/ Acre, Park Nearby, Sprinklers Drip System, Sprinkler System
Directions Paramount and 70th St.
Subdivision RK - Paramount South of Somerset
Standard status Active
APN 6046004063
Lot size 0.10 Acres

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

solar panels
central heating and air conditioning
tankless water heaters
dual-pane Low-E windows
recessed LED lighting
waterproof flooring
EV charger readiness
separate laundry areas
rooftop terrace

Building Details

Year built 2026
Floors in Building 2
Number of units 2
Flooring type Laminate, Vinyl
Building materials Stucco
Roof type Composition
Architectural style Contemporary
Listing Agency: Y Realty
Listed By: Maria Olmos · License #00956497
Added: Jun 18 Changed: Sep 30 Last Checked: Oct 1 at 5:06AM
MLS# PW26130970

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Under construction for 2026, this contemporary duplex pairs a five-bedroom, four-bathroom main residence with a detached two-bedroom, one-bathroom accessory dwelling unit. The main home includes a first-floor primary suite, an attached two-car garage, and a rooftop terrace. The separate unit has its own address, private entrance, laundry, and two dedicated parking spaces.

Both residences have paid solar panels, central heating and air conditioning, tankless water heaters, dual-pane Low-E windows, and recessed LED lighting. The 0.0992-acre property is on Lake Avenue in Paramount, California.

Key Highlights

  • Main residence has 5 bedrooms and 4 bathrooms, including a first‑floor primary suite
  • Detached ADU offers 2 bedrooms, 1 bathroom, a private entrance, and its own address
  • Attached 2‑car garage and 2 dedicated parking spaces for the ADU

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Computer & Electronic Repair Skin Care Clinic Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,552
Businesses Nearby

Demographics for 90723, CA

53,770
Population
14,585
Households
3.7
Avg Household Size
33
Median Age
13%
College-Educated
66%
High-School Grad
4.7 sq mi
ZIP Area
11,440
Density / Sq Mi
$70,912
Median Household Income
$35,032
Median Earnings
$1,772
Median Rent
$500,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - A detached accessory dwelling unit provides separate living space, laundry, and a private entrance.
Where is this duplex located?
The property is located at 16623 Lake Avenue Paramount, CA.
What is the asking price?
The asking price for this property is $1,345,000.
What are key features of this property?
This property features: Main residence has 5 bedrooms and 4 bathrooms, including a first‑floor primary suite; Detached ADU offers 2 bedrooms, 1 bathroom, a private entrance, and its own address; Attached 2‑car garage and 2 dedicated parking spaces for the ADU
More about this property
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