Step into comfort and style in this beautifully updated 1-bedroom, 1-bath condo located in the tranquil Lake Terrace community in Paramount. This upper-level unit features vaulted ceilings, an open floor plan, and plenty of natural light, creating a bright and welcoming space. Enjoy cozy evenings by the fireplace in the spacious living room and cook with ease in the tastefully remodeled kitchen, complete with modern finishes, updated maplewood cabinetry, and plenty of space in the kitchen for a breakfast nook. Additional comforts include in-unit laundry and a large private patio, ideal for relaxing or entertaining. The home includes two assigned parking spots and is surrounded by beautifully landscaped grounds. Residents of Lake Terrace enjoy access to a sparkling community pool, perfect for cooling off on warm California days. Conveniently located near shopping, dining, and major freeways, this move-in-ready condo offers comfort, style, and convenience in a peaceful setting.
Sold for $469,000
Listing Provided by: Pak Home Realty
Bought with: Borba Investment Realty
$469,000
16211 Downey Ave Unit 73, Paramount, CA 90723
1beds
804sqft
Condominium
Built in 1981
-- sqft lot
$466,800 Zestimate®
$583/sqft
$1,965 Estimated rent
Home value
$466,800
$420,000 - $518,000
$1,965/mo
Zestimate® history
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List your homeWhat's special
Modern finishesLarge private patioOpen floor planTastefully remodeled kitchenPlenty of natural lightUpdated maplewood cabinetryIn-unit laundry
Zillow last checked:
Listing updated:
Listing Provided by:
Mary Robles DRE #01475328 HomesbyMaryRobles@gmail.com,
Pak Home Realty
Bought with:
Vital Lourenco, DRE #01422570
Borba Investment Realty
Source: CRMLS,MLS#: DW25099514
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Separate Shower
Kitchen
- Features: Built-in Trash/Recycling, Quartz Counters, Remodeled, Updated Kitchen
Other
- Features: Walk-In Closet(s)
Heating
- Central, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Gas Oven, Gas Range
- Laundry: Washer Hookup, Gas Dryer Hookup, In Kitchen
Features
- Balcony, Breakfast Area, Cathedral Ceiling(s), Separate/Formal Dining Room, Eat-in Kitchen, Quartz Counters, Bedroom on Main Level, Walk-In Closet(s)
- Flooring: Laminate, Tile
- Windows: Blinds, Screens
- Has fireplace: Yes
- Fireplace features: Free Standing, Gas, Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 804 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Covered, Carport, Guest
- Carport spaces: 1
- Uncovered spaces: 1
Accessibility
- Accessibility features: Parking
Features
- Levels: One
- Stories: 1
- Entry location: Upstairs
- Patio & porch: Open, Patio
- Pool features: Community, In Ground, Association
- Has spa: Yes
- Spa features: Association, Community, In Ground
- Fencing: Brick
- Has view: Yes
- View description: Meadow, Trees/Woods
- Waterfront features: Pond, Stream
Lot
- Size: 7.57 Acres
- Features: 0-1 Unit/Acre, Greenbelt, Paved
Details
- Additional structures: Tennis Court(s)
- Parcel number: 7103016082
- Zoning: PARM*
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Foundation: None
- Roof: Other
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Water Connected
Community & neighborhood
Security
- Security features: Security Gate, Gated Community
Community
- Community features: Lake, Gated, Pool
Location
- Region: Paramount
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $414 monthly
- Amenities included: Maintenance Grounds, Pool, Pets Allowed, Spa/Hot Tub, Tennis Court(s)
- Association name: Lake Terrace
- Association phone: 562-531-1955
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2025 | Sold | $469,000$583/sqft |
Source:  CRMLS #DW25099514 Report a problem | ||
| 5/16/2025 | Pending sale | $469,000$583/sqft |
Source: CRMLS #DW25099514 Report a problem | ||
| 5/8/2025 | Listed for sale | $469,000+73.7%$583/sqft |
Source: CRMLS #DW25099514 Report a problem | ||
| 4/3/2018 | Listing removed | $270,000$336/sqft |
Source: California Regional MLS #PW17235016 Report a problem | ||
| 2/26/2018 | Pending sale | $270,000$336/sqft |
Source: California Regional MLS #PW17235016 Report a problem | ||
| 2/3/2018 | Listed for sale | $270,000+2.7%$336/sqft |
Source: California Regional MLS #PW17235016 Report a problem | ||
| 2/1/2018 | Sold | $263,000-2.6%$327/sqft |
Source: Public Record Report a problem | ||
| 12/12/2017 | Pending sale | $270,000$336/sqft |
Source: Lakewood Office #PW17235016 Report a problem | ||
| 11/23/2017 | Price change | $270,000+3.8%$336/sqft |
Source: Lakewood Office #PW17235016 Report a problem | ||
| 10/28/2017 | Pending sale | $260,000$323/sqft |
Source: Lakewood Office #PW17235016 Report a problem | ||
| 10/13/2017 | Listed for sale | $260,000$323/sqft |
Source: Berkshire Hathaway H.S.C.P. #PW17235016 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,127 +3.4% | $299,241 +2% |
| 2024 | $3,990 +1.9% | $293,374 +2% |
| 2023 | $3,917 +2.8% | $287,623 +2% |
| 2022 | $3,812 +2.3% | $281,985 +2% |
| 2021 | $3,726 +2.3% | $276,457 +1% |
| 2020 | $3,643 | $273,624 +2% |
| 2019 | $3,643 +53.2% | $268,260 +62.7% |
| 2018 | $2,378 | $164,897 +2% |
| 2017 | $2,378 +3.2% | $161,664 +2% |
| 2016 | $2,305 +7.6% | $158,495 +1.5% |
| 2015 | $2,142 +3.2% | $156,115 +2% |
| 2014 | $2,076 | $153,058 +27.5% |
| 2012 | -- | $120,000 |
| 2011 | -- | $120,000 -6.8% |
| 2010 | -- | $128,800 -11.6% |
| 2009 | -- | $145,707 +2% |
| 2008 | -- | $142,851 +2% |
| 2007 | -- | $140,051 +2% |
| 2006 | -- | $137,306 |
| 2005 | -- | $137,306 +4% |
| 2004 | -- | $131,977 +1.9% |
| 2003 | -- | $129,559 +2% |
| 2002 | -- | $127,019 +4% |
| 2000 | -- | $122,088 |
Find assessor info on the county website
Neighborhood: 90723
Nearby schools
GreatSchools rating
- 5/10Abraham Lincoln SchoolGrades: K-5Distance: 0.6 mi
- 6/10Alondra Middle SchoolGrades: 6-8Distance: 0.2 mi
- 5/10Paramount High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$466,800
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Estimated market value
$466,800
- California
- Los Angeles County
- Paramount
- 90723
- 16211 Downey Ave Unit 73
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