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    16459 Illinois Ave Paramount, CA 90723

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    For Sale
    $850,000

    Corner lot suitable for warehouse or storage with freeway access.

    Lot size:
    0.18 Acres

    Property Features for 16459 Illinois Ave

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1971

    Source: Circle Real Estate Agent Jasmine Griffin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Land Parcel For Sale

    This corner property features 8,012 square feet of land, with street frontage on two sides and alley access. The property consists of two lots to be sold together: APN 7102-022-008 at 16459 Illinois Ave (4,752 square feet) and APN 7102-022-033 at 7619 Harrison St (3,260 square feet). Zoned for manufacturing, this site is suitable to build a warehouse or for use as storage. It provides convenient access to major freeways, including the 605, 105, 710, and 91, as well as the Ports of Los Angeles and Long Beach. Utilities are available on the property.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.1656272
    Latitude
    33.8837085

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    FAQs

    What type of property is this?
    Commercial land - Corner lot suitable for warehouse or storage with freeway access.
    Where is this commercial land located?
    The property is located at 16459 Illinois Ave Paramount, CA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime corner property with **8,012 sq ft of land**.; - Zoned for manufacturing.; - Convenient access to freeways 605, 105, 710, and 91.
    (562) 521-9022
    Request Owner's contact information
    16459 Illinois Ave Paramount, CA 90723
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    Paramount, CA 90723
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16459 Illinois Ave Paramount, CA 90723
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