Duplex with Rooftop
For Sale
$1,248,888
16623 Lake Avenue, Paramount, CA 90723
A detached accessory dwelling unit has a private entrance, separate utilities, and its own address.
Property Size3,117 SF
Price / SF$400.67
Days on Market124
Property Features for 16623 Lake Avenue
General Information
Standard status
Active
Size
3,117 SF
Property subtype
Duplex
Units
Unit Mix
5BR/4BA, 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Highway Access
Yes
Amenities
rooftop terrace
indoor laundry
solar panels
Building Details
Building Size
3,117 SF
Year Built
2026
Buildings
2
Listing Agency:
Compass
Listed By:
Schneider Properties
(310) 809-4875
Source:
Schneiderproperties
Added: Jun 27
Changed: Oct 27
Last Checked: Oct 26 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Built in 2026, this duplex combines a 5-bedroom, 4-bathroom main home with a detached 2-bedroom, 1-bathroom ADU, for seven bedrooms and five bathrooms overall. The main residence has an open kitchen, dining, and living area, a first-floor primary suite, quartz counters, stainless steel appliances, and a rooftop terrace. The ADU has indoor laundry and separate utilities. Both homes have paid solar panels; the property also includes a 2-car attached garage and two dedicated ADU parking spaces, along with additional parking.
The property is in Paramount, near Long Beach, Downey, Lakewood, and Bellflower. The 105, 710, 91, and 605 freeways provide regional access, while shopping, dining, schools, and parks are nearby.
The property is in Paramount, near Long Beach, Downey, Lakewood, and Bellflower. The 105, 710, 91, and 605 freeways provide regional access, while shopping, dining, schools, and parks are nearby.
Key Highlights
- Two residences: a 5‑bedroom, 4‑bathroom main home and a detached 2‑bedroom, 1‑bathroom ADU
- Rooftop terrace at the main home
- ADU has its own address, private entrance, indoor laundry, and separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,434
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,680
$1.1M
Cap Rate 7%
$777,629
$777.6K
Cap Rate 9%
$604,822
$604.8K
Market Conditions
NOI Build-Up for 3,117 SF
Gross rent
$84.2K $27.00/SF
− Vacancy
−$6.4K −$2.05/SF
EGI
$77.8K $24.95/SF
− OpEx
−$23.3K −$7.48/SF
NOI
$54.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,680
Cap Rate 7%
$777,629
Cap Rate 9%
$604,822
Alternative Uses
Best Use
Multifamily LT 5
$777.6K
$680.4K – $907.2K
NOI $54,434 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$716.5K
$626.9K – $835.9K
NOI $50,155 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,818 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,552
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A detached accessory dwelling unit has a private entrance, separate utilities, and its own address.
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 $1,248,888.
What are key features of this property?
This property features: Two residences: a 5‑bedroom, 4‑bathroom main home and a detached 2‑bedroom, 1‑bathroom ADU; Rooftop terrace at the main home; ADU has its own address, private entrance, indoor laundry, and separate utilities
