7117 Lugo
Paramount, CA, 90723
$720,000
MLS: IG26085777
Beds
3
Baths
2
Sq Ft
1,247
Lot
0.12 ac
Year Built
1955
MLS #
IG26085777
Days on Market
1
Listed
Apr 21, 2026
Description
Tucked away on a quiet cul-de-sac in Paramount’s desirable Hollydale neighborhood, this inviting home offers the perfect blend of privacy, functionality, and location—without the added cost of an HOA. This well-maintained 3-bedroom, 2-bath home features a flexible and functional layout designed for both everyday living and entertaining. The kitchen serves as the heart of the home, complete with granite countertops, ample cabinetry, and a seamless connection to the dining area—creating an open and connected living space filled with natural light. A spacious bonus/flex room with direct access to the backyard adds incredible versatility, ideal for a second living area, home office, playroom, or multi-use space to fit a variety of needs. The private backyard features a patio and grassy area, offering the perfect setting for outdoor gatherings, relaxation, or everyday enjoyment. Additional highlights include an attached garage with direct access near the kitchen, an extended driveway providing ample parking, and well-maintained interiors that reflect true pride of ownership. Located near local schools, parks, shopping, and major freeways, this home combines comfort, convenience, and accessibility in one of Paramount’s most established neighborhoods. Homes with this combination of cul-de-sac location, privacy, no HOA, and flexible living space are rarely available—making this a standout opportunity for buyers looking for both lifestyle and long-term value.
Location
Paramount, Los Angeles County, CA 90723
Open on Google Maps ↗Listed by: Wendy Gomez · Realty ONE Group West
Payment estimate
$5,301
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $72,000 · Loan: $648,000
- Principal & Interest
- $3,981
- Property tax (1.25%)
- $750
- Homeowners insurance
- $300
- Mortgage insurance
- $270
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Paramount home with as little as 3.5% down using an FHA loan — roughly $25,200 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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