CnC Realty
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$465,000

16211 Downey Ave. #65

Paramount, CA 90723

Active

1

Beds

1

Baths

750

Sq. Ft.

1981

Year Built

Los Angeles

County

Condominium

Property Type

About this home

Two assigned parking spaces, in-unit washer/dryer, high ceilings, quiet gated community! Beautiful 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, updated 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!

Listed by Ingrid Hooker · DRE #02019628 · Real Brokerage Technologies
MLS #1160339783
ListedMay 14, 2026

Property Details

Architecture

Stories2
StyleN/A
Total Units118
RoofN/A
Garage Spaces0
PoolN/A
SpaN/A

Features & Amenities

Interior FeaturesBreakfast Bar, Separate Formal Dining Room, All Bedrooms Up
Exterior FeaturesN/A
FlooringLaminate
CoolingCentral Air
HeatingCentral
FireplaceLiving Room
LaundryElectric Dryer Hookup, Gas Dryer Hookup, Laundry Closet
Parking FeaturesAssigned, Carport, Guest, Uncovered
Parking Total2
Patio & PorchDeck, Terrace
Entry Level2
Entry LocationSecond Floor
Common WallsTwo Common Walls Or More

Property Features

Lot Size7.57 ac
Lot FeaturesN/A
ViewCreek Stream
DirectionsMajor cross streets Paramount and Downey Ave.

Community

Area699 - Not Defined
School DistrictParamount Unified

Tax & Financial

TermsCash To Existing Loan, Cash To New Loan, Conventional
Land LeaseNo
HOA NameLake Terrace
HOA Fee$455 / Monthly

Request a Tour

Mortgage Estimate

$2,475/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 10:30 PM

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