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Welcome home to Lake Terrace, one of Paramounts most sought-after communities, where an entry-level price point opens the door to a lifestyle that feels anything but entry-level. This beautifully updated 1-bedroom, 1-bath residence offers a true first-level entry with no stairs to climb, making everyday living effortless from move-in day forward. Step inside to a bright, modern interior with clean lines, fresh finishes, and an open, airy flow that is move-in ready and designed for the way you live today. The private patio is the showstopper, framing serene lake views that turn morning coffee and evening downtime into the best part of your day. In-unit laundry and garage/assigned parking add everyday convenience. Beyond your front door, resort-inspired grounds deliver tranquil water scenery, a sparkling pool, and lush, well-kept common areas that make coming home feel like a getaway. Ideally located near Downey Avenue and Artesia Boulevard, you are minutes from the 91, 605, and 710 freeways, plus shopping, dining, parks, and schools, putting LA and Orange County within easy reach. Whether you are buying your first home or ready to stop renting and start building equity, this is your opportunity to own a modern, peaceful retreat in a community that truly elevates everyday living.

  • Bedrooms
    1
  • Bathrooms
    1
  • Year Built
    1981
  • Stories
    1.0
  • Architectural Style
    Modern
  • Garage Spaces
    2.0
  • Living Area
    750.0
  • Appliances
    Cooktop
  • Pool Features
    Association
  • Cooling
    Central Air
  • Heating
    Forced Air

  • View
    Trees/Woods, Pond
  • Utilities
    Electricity Available, Natural Gas Available, Cable Connected, Natural Gas Connected, Electricity Connected, Water Connected
  • Water
    Public

  • County
    Los Angeles
  • City
    Paramount
  • Zip Code
    90723

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Frequently Asked Questions

How do I schedule a tour of 16211 Downey?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 16211 Downey.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 16211 Downey?

Click Ask a Question to talk with our team. You already know it is a 1 bed, 1 bath, listed for $429,999. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Paramount, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 16211 Downey?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 16211 Downey at around $2,332. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 16211 Downey?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Los Angeles County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 16211 Downey?

In most cases, yes. Whether 16211 Downey is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Paramount's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 16211 Downey?

We can handle that for you. Our preferred local agent specializes in residentials in Paramount and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $429,999 with 750 sqft of space—that comes out to approximately $573 per square foot.

How long has this property been on the market?

16211 Downey was listed on November 12, 2026, which means it's been on the market for -5 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1981, making it approximately 45 years old.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $455 paid monthly.

This covers access to community features including: Picnic Area, Pool.

Is 16211 Downey still available for sale?

Source: ez Home Search, MLS Data

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2026 San Diego MLS.

Last Updated: November 07, 2026 at 04:14PM | Source: San Diego MLS | MLS#: IG26239322