Property Snapshot
Lee & Associates is pleased to announce the closed sale of 15343 Illinois Avenue in Paramount, CA — a 9,400 SF multi-tenant industrial building on a 15,001 SF lot (APN 6240-017-018, zoned PAM2*). The property sold at a price undisclosed at the seller's request.
Why This Property Moved
The building's three individually-metered units, each with its own private, fenced and paved outdoor space, gave the buyer flexibility that's increasingly rare in this size range: full owner/user occupancy, or a mix of owner-use and tenant income from day one. Small multi-tenant industrial assets like this one continue to draw strong interest from both owner/users and private investors looking for a foothold in the Paramount submarket, where available inventory stays tight.
Paramount Submarket Context
Paramount sits inside the Mid-Counties industrial corridor, one of the most land-constrained pockets of the LA Basin. Buildings under 10,000 SF with usable yard space rarely sit on the market long — this transaction is another data point for owners nearby who are weighing what their own building could bring today.
Thinking About Your Own Building's Value?
If you own industrial property in Paramount or the surrounding submarkets, transactions like this one are a useful benchmark. Request a Complimentary Valuation and we'll walk you through what comparable sales mean for your property.
FAQ
What does "multi-tenant industrial" mean?
It's a single building divided into separately leasable (or separately usable) units, each typically with its own entrance, utilities, and outdoor space — giving an owner the option to occupy part of the building and lease the rest.
Why wasn't the sale price disclosed?
Some sellers prefer not to publish transaction pricing. We can still speak generally about pricing trends in the submarket — contact us for a market-specific conversation.
Is my property a good fit for a sale like this one?
Buildings in the 5,000–15,000 SF range with usable outdoor space and flexible unit configurations are in consistent demand across the Mid-Counties and South Bay submarkets. Request a Complimentary Valuation to see where your property fits.
We specialize in industrial real estate from the greater Los Angeles to the Inland Empire markets, including: Long Beach, Carson, Torrance, Gardena, Compton, Rancho Dominguez, Wilmington, Paramount, Santa Fe Springs, Huntington Beach, Garden Grove, Irwindale, Signal Hill, Pomona, City of Industry, and Ontario, serving surrounding submarkets including LA South Bay, LA Central, Mid-Counties, San Gabriel Valley, Orange County and the Inland Empire.
Ron Mgrublian
Principal
CalDRE# 01902882
