Property profile

15131 Illinois Ave Paramount, CA 90723

OFF-MARKET
Manufacturing properties
Property ID
US09-8564208
3,000 SF 0.17 ac lot Built 1965
Individually Owned ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1965
Construction WOOD
Total area 3,000 SF
Lot 0.17 ac (7,503 SF)
Zoning code PAM2*
APN 6240-012-012
UPID US09-8564208

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15131 Illinois Ave Paramount, CA 90723-4106
Paramount metro Census 553801 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
$540k
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$750k

Owner & transaction history

since 2025
Last sale
$845,000
7 recorded transactions
2025
$845,000
2024
Price N/A
2021
$750,000
2021
Price N/A
2003
Price N/A
2003
$150,000
2002
Price N/A

Zoning & alternative use

PAM2* · Paramount, CA
Top alternative use upside
Retail stores $1.2M +54.8%
Commercial (general) $925,000 +24.8%
Warehouse, storage $775,000 +4.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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