$465,000
OPEN SAT 12PM - 2PM

16211 Downey Ave Paramount, CA 90723

Estimated payment $3,097/month

1 Bed
1 Bath
750 Sq Ft
$620 Price per Sq Ft

Highlights

  • 7.57 Acre Lot
  • Clubhouse
  • Quartz Countertops
  • Creek or Stream View
  • Deck
  • Terrace

About This Home

Beautiful, high ceiling, one bedroom condo in the Resort Style, gated community of Lake Terrace in the City of Paramount. Enjoy the peaceful sound of running streams throughout the complex. This is a large top floor corner condo with views of the greenery, streams, and corner lot provides a lot of privacy. Upon entering the home, you step into the open living room, filled with natural light highlighted by panoramic windows and a warm, welcoming fireplace. The living room flows into the formal dining area. The kitchen has recently updated features and offers plenty of cabinetry, granite countertops, and a breakfast nook that opens to the living room, creating a seamless open floor plan. Direct access to the large balcony from the living room allows you to host and enjoy the outdoor space as an extension of the interior living space. The bedroom features high ceilings, ample storage including two closets, and private access to the bathroom. Washer and Dryer are located on the balcony in its own private closet. The HOA is in the process of upcoming updates, including the renovation of the roof, stucco, and siding, as well as the installation of solar panel carports. This unit comes with two assigned parking spaces, one covered and one uncovered, and additional guest parking is readily available. The sales price includes all appliances. Enjoy exclusive access to a key fob-entry mailroom, refreshing pool and pickle ball courts within the community. Updates include: Balcony was fully removed and rebuilt by HOA in 2025, Shower remodeled in 2023, Water Heater in 2025, Furnace has annual tune-ups recently completed April 2026 with a 6 month warranty and much more. This home has been meticulously maintained and is fully turn key. Welcome home!

Listing Agent

Ingrid Hooker

The Foster Company Brokerage Phone: 562-895-4151 License #02019628 Listed on: 05/14/2026

Open House Schedule

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1981

HOA Fees

  • $414 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 750 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Laminate Flooring
  • Creek or Stream Views

Kitchen

  • Breakfast Bar
  • Built-In Range
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • All Upper Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available
  • Guest Parking

Outdoor Features

  • Deck
  • Patio
  • Terrace
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Water Heater

Additional Features

  • Two or More Common Walls
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 39226
  • Assessor Parcel Number 7103016074
  • $509 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 118 Units
  • Lake Terrace Association, Phone Number (562) 317-7244
  • A.R.K. Management HOA

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1981

Lot Details

7.57 Acres

HOA Fees

$414 per month

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7103016074
  • Year Built: 1981
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: OpenHouse

Interior Features

  • Fireplace: Yes
  • Living Area: 750.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 620.00
  • Room Type: All Bedrooms Up
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Patio: Yes
  • View: Creek/Stream
  • Patio And Porch Features: Terrace, Deck
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport, Guest
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater, Built-In Range, Refrigerator, Dishwasher
  • Heating Type: Central
  • Laundry Features: In Closet, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Tennis Court(s), Pool, Barbecue, Clubhouse, Outdoor Cooking Area
  • Association Fee: 414.00
  • Association Fee Frequency: Monthly
  • Association Name: Lake Terrace
  • Phone: (562) 317-7244
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Gutters, Curbs, Street Lights, Sidewalks, Suburban
  • Association Management: A.R.K. Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 329744.00
  • Lot Size Acres: 7.5699

Multi Family

  • Lease Considered: No
  • Lot Size Area: 329744.0000 Square Feet
  • Number Of Units In Community: 118
  • Number Of Units Total: 118

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 39226
  • TaxOtherAnnualAssessmentAmount: 509.00

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,394 $171,980 $77,620 $94,360
2024 $2,394 $168,609 $76,099 $92,510
2023 $2,350 $165,304 $74,607 $90,697
2022 $2,286 $162,064 $73,145 $88,919
2021 $2,232 $158,887 $71,711 $87,176
2019 $2,277 $154,177 $69,585 $84,592
2018 $2,124 $151,155 $68,221 $82,934
2016 $1,912 $145,287 $65,573 $79,714
2015 $1,809 $143,106 $64,589 $78,517
2014 $1,852 $140,303 $63,324 $76,979
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2026 05/14/26 For Sale $465,000 -- $620 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26105324

California Regional Multiple Listing Service (CRMLS)

APN: 7103-016-101

California Los Angeles County Paramount 90723

16211 Downey Ave, Paramount, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Ingrid Hooker
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The Foster Company
(424) 655-2284
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