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Welcome to 16623 Lake Avenue, a brand-new 2026 home in the heart of Paramount. This property gives you two full homes on one lot: a large 5-bedroom, 4-bathroom main house and a detached 2-bedroom, 1-bathroom ADU. That is 7 bedrooms and 5 bathrooms in total, with room for family, guests, or rental income. The main home offers about 2317 sq. ft. with a first-floor primary suite, a big plus for anyone who wants to avoid stairs. The open floor plan joins the kitchen, dining, and living areas into one bright space. Large windows bring in natural light, and the home includes quartz counters and stainless steel appliances. Everything is new, so nothing needs fixing or updating. You will also find extra storage inside and out. Step up to the private rooftop terrace, a feature few homes in this price range offer. Host friends, set up a home gym or yoga space, grow a garden, or just relax in the open air. The detached ADU, with 2 bedrooms and about 817 sq. ft., sits apart from the main home for true privacy. It has its own address, a private entrance, indoor laundry, separate utilities, and 2 dedicated parking spaces. Live in the main home and rent the ADU, give extended family their own space, or use it as a guest suite. Both homes have paid solar panels. No lease to take over and no monthly solar bill. The panels stay with the property and help lower energy costs. No HOA. No Mello-Roos. The property also includes a 2-car attached garage plus extra parking for both homes. Paramount is centrally located near Long Beach, Downey, Lakewood, and Bellflower, with quick access to the 105, 710, 91, and 605 freeways. Shopping, dining, schools, and parks are all close by. New construction, two homes, a rooftop terrace, and paid solar, now at a lower price. Schedule your showing today.
Listing agent: Maria Olmos DRE #00956497 msolmos@me.com, Listing office: Y Realty
MLS data updated 10/16/2026, 9:38:43 PM PT
Source: CRMLS, MLS #: PW26130970
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 8, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,248,888Asking price recorded · Oct 8, 2026ZIP 90723 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.