Discover 16211 Downey Ave #68 in Paramount, CA 90723, tucked inside the highly sought-after Lake Terrace community—an area celebrated for its peaceful lake views and welcoming atmosphere. This thoughtfully crafted one-bedroom, one-bath residence delivers exceptional convenience, positioned just moments from shopping, major freeways, and a variety of local amenities. Inside, you’ll find an airy layout highlighted by high ceilings and a comfortable open-concept design that makes the home feel spacious and bright. Generous closet space ensures all your belongings have a place, helping maintain a clean and organized environment. The private patio is the perfect retreat, offering serene, picturesque views of the lake—an ideal spot to relax any time of day. Adding to the unit’s appeal is a dedicated indoor washer and dryer area, providing the privacy and ease of in-home laundry, with no need for shared facilities. You’ll also enjoy the benefit of two parking spaces—one covered and one uncovered—offering flexibility and peace of mind.
Whether you’re a first-time buyer or simply looking for a comfortable, well-located home, this condo offers an exceptional blend of practicality and charm. Opportunities like this don’t last long—reach out today to schedule your tour or request more details.
For sale
Listing Provided by:
Andrew Romo DRE #02115021 626-425-0112,
The Kasa Agency Inc.
$440,000
16211 Downey Ave UNIT 68, Paramount, CA 90723
1beds
776sqft
Est.:
Condominium
Built in 1981
-- sqft lot
$437,500 Zestimate®
$567/sqft
$345/mo HOA
What's special
- 10 days |
- 477 |
- 20 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 11:12am
Listing Provided by:
Andrew Romo DRE #02115021 626-425-0112,
The Kasa Agency Inc.
Source: CRMLS,MLS#: CV25271688
Originating MLS: California Regional MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- All Bedrooms Down
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 776 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: Community, Association
- Has view: Yes
- View description: None
Lot
- Size: 7.57 Acres
Details
- Parcel number: 7103016077
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban, Pool
HOA
- Has HOA: Yes
- Amenities included: Pool, Spa/Hot Tub, Tennis Court(s)
- HOA fee: $345 monthly
- HOA name: Lake Terrace
- HOA phone: 562-531-1955
Location
- Region: Paramount
Financial & listing details
- Price per square foot: $567/sqft
- Tax assessed value: $397,800
- Annual tax amount: $5,312
- Date on market: 12/5/2025
- Cumulative days on market: 10 days
- Listing terms: Cash,Conventional,1031 Exchange
Estimated market value
$437,500
$416,000 - $459,000
$2,119/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2025 | Listed for sale | $440,000+12.8%$567/sqft |
Source: | ||
| 2/26/2024 | Sold | $390,000+20%$503/sqft |
Source: | ||
| 2/20/2024 | Pending sale | $325,000$419/sqft |
Source: | ||
| 2/5/2024 | Listing removed | -- |
Source: | ||
| 1/29/2024 | Listed for sale | $325,000$419/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,312 +96.6% | $397,800 +104.9% |
| 2024 | $2,703 +1.9% | $194,139 +2% |
| 2023 | $2,653 +2.8% | $190,334 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,042/mo
Principal & interest
$2118
Property taxes
$425
Other costs
$499
Climate risks
Neighborhood: 90723
Nearby schools
GreatSchools rating
- 6/10Abraham Lincoln SchoolGrades: K-5Distance: 0.6 mi
- 6/10Alondra Middle SchoolGrades: 6-8Distance: 0.1 mi
- 5/10Paramount High SchoolGrades: 9-12Distance: 1.1 mi
- Loading
- Loading





