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New Construction 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 Market67

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 Bathroom 2, Utility Room, Bedroom 2, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 5, Laundry Room, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 3
Parking 8
Parking features Side By Side, Garage, Driveway, Open, Carport
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 air conditioning
tankless water heaters
dual-pane Low-E windows
recessed LED lighting
waterproof flooring
EV charger readiness
laundry areas
rooftop terrace

Building Details

Year built 2026
Floors in Building 2
Number of units 2
Flooring type Vinyl, Laminate
Building materials Stucco
Roof type Composition
Architectural style Contemporary
Listing Agency: Y Realty
Listed By: Maria Olmos · License #00956497
Added: Jun 18 Changed: Aug 22 Last Checked: Aug 23 at 10:06PM
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.

This contemporary duplex property is under construction and scheduled for completion in 2026 on a 0.0992-acre lot. The primary residence offers 5 bedrooms and 4 bathrooms, including a first-floor primary suite, along with an open living, dining, and kitchen layout. Its kitchen includes quartz countertops, stainless steel appliances, extensive cabinetry, and a center island. A detached 2-bedroom, 1-bathroom ADU has a private entrance, its own address, interior laundry, and 2 dedicated parking spaces.

Property features include paid solar panels, central air conditioning, forced-air heating, tankless water heaters, dual-pane Low-E windows, recessed LED lighting, waterproof flooring, and EV charger readiness. A rooftop terrace adds outdoor space, while the main residence includes a 2-car attached garage and additional parking. The property is near schools, shopping, restaurants, parks, and major freeways.

Key Highlights

  • 2026 construction with a 5‑bedroom, 4‑bathroom primary residence
  • Detached ADU includes 2 bedrooms, 1 bathroom, private entrance, and its own address
  • 0.0992‑acre lot with rooftop terrace and open views

Property Analytics

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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Duplex - A main residence and detached ADU provide separate entrances, laundry areas, and flexible occupancy options.
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: 2026 construction with a 5‑bedroom, 4‑bathroom primary residence; Detached ADU includes 2 bedrooms, 1 bathroom, private entrance, and its own address; 0.0992‑acre lot with rooftop terrace and open views
More about this property
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