1
Bedrooms
Sold for $312,500 · Jun 2020
SOLDListed at $299,950
Paramount, CA
MLS# DW20080253
Michael Berdelis
Listing Agent
24 Hour Real Estate
DRE #: 01234589
Brokerage: 24 Hour Real Estate
1
Bedrooms
1
Bathrooms
776 sqft
Square Feet
1981
Year Built
7.57 acres
Lot Size
$403
Price/Sq Ft
2
Garage Spaces
$345/mo
HOA
Condo
Property Type
Enjoy a luxurious lifestyle in a resort-style setting at the Lake Terrace Community. This turn-key unit boasts an abundance of natural light, soaring high ceilings, custom finishes, and stunning outdoor views. The open concept floor plan offers a living room and dining room with wide newer oak plank wood flooring, a designer kitchen with custom cabinetry, granite counters, and a large breakfast countertop bar. There is a gorgeous and minimalistic en-suite master retreat with a large walk-in closet and remodeled bathroom. Relax in the large private outdoor patio off the living room area, which seamlessly blends indoor and outdoor living while offering views over the waterfalls and streams. Lake Terrace residents enjoy an array of amenities, including 24-hour gated entry, large pool, tennis court, a new community video surveillance system—an exceptional opportunity to buy in one of the best locations in Paramount. 2 secured parking space & individual laundry hook-ups and too many amazing perks to list but this is truly a wonderful, exciting place to live!
Listing description from the June 2020 sale, as reported to CRMLS.
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2 recorded sales
16211 Downey Avenue 50 sold for $312,500 in June 2020, 4.2% over its $299,950 list price, after 14 days on the market. That works out to $403 per square foot on 776 square feet. Across 81 closed sales in 90723 over the last 12 months, the median sold price is $615,000 and the median is $468 per square foot, 16% above this sale's $403.
| Quarter | Closed sales in 90723 | Median sold price |
|---|---|---|
| Q1 2026 | 8 | $382,500 |
| Q2 2026 | 33 | $624,900 |
| Q3 2026 | 32 | $616,500 |
| Q4 2026 | 8 | $727,750 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Paramount · Homes for sale in 90723
Closed sales reported in 90723, nearest first, last 12 months. All recent sales in Paramount →
16211 Downey Avenue 50
Contact Michael Berdelis
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Contact Listing Agent
24 Hour Real Estate
DRE #01234589
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