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Property Description
FOR SALE | Industrial Warehouse - Paramount, CA | Value-Add Opportunity
Well-maintained 15,176 SF industrial warehouse constructed with concrete tilt-up design and featuring 24' clear height, a highly desirable attribute for modern industrial and manufacturing users. Built in 2006, the property is considered newer construction for the Paramount submarket and offers an efficient, functional warehouse layout.
The property is zoned M-2 (Heavy Manufacturing), allowing for a wide range of industrial uses including manufacturing, distribution, and logistics. Located within a high-demand Paramount logistics corridor, the site offers excellent access to I-710, SR-91, and other major Southern California transportation routes, providing efficient connectivity to the Ports of Los Angeles and Long Beach as well as the greater Los Angeles region.
The property includes a fully fenced parking lot with 30 on-site parking spaces, enhancing security and operational efficiency. The warehouse is equipped with 5 loading docks and 5 existing bathrooms, supporting multi-shift operations and tenant functionality. The property is currently leased at below-market in-place rents, presenting a compelling value-add opportunity through rent growth, lease rollover, or repositioning.
Property Highlights 15,176 SF industrial warehouse, Concrete tilt-up construction, 24' clear ceiling height, Built in 2006 (newer construction for the area), Zoned M-2 Heavy Manufacturing, High-demand Paramount, CA logistics corridor, Excellent freeway access (I-710, SR-91)
Fully fenced parking lot with 30 parking spaces, 5 loading docks, 5 existing bathrooms, Well-maintained condition, Below-market in-place rents with upside potential
Full Property Details
Full Property Details for 15939 Illinois
General
- Price: $5,895,000
- Taxes: (2025)
- Status: Active
- Type: Industrial
- Source: MRMLS
- MLS ID: OC26029418
- Updated: Today (2/9/2026)
- Added to Site: Today
Business
- Business Type: Cabinets, Other, Warehouse
Rooms
Other Rooms
- Laundry: None
Location
- County: Los Angeles
- Driving Directions: Garfield/Alondra
Structural Information
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 15176
- Square Feet: 15,176
- Year Built: 2006
Lot Features
- Lot Size (Acres): 0.7316
- Useable Acres: .7316
- Lot Size (Sq. Ft.): 31,867
- Lot Size Source: Assessor
- Lot Features: Lot 20000-39999 Sqft
- Lot Description: Lot 20000-39999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $388
- Expenses: $106,621
- Tax Year: 2025
Disclosures and Reports
- Investment: Yes
- Property ID: 7102013023
Listed by Pacific Sotheby's Int'l Realty, DavidBiehler and SeanStanfield
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Schools
Schools serving 15939 Illinois
School District:Paramount Unified School District
| Name | Grades | Distance |
|---|---|---|
Wesley Gaines School 7340 Jackson Street, Paramount, CA 90723 | K-3 | 0.3 mi |
Leona Jackson School 7220 Jackson Street, Paramount, CA 90723 | 4-8 | 0.5 mi |
Paramount High School 14429 Downey Avenue, Paramount, CA 90723 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15939 Illinois
Date
Details
Price
Change
Source
2/09/2026
Listed
$5,895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 15939 Illinois
Year
Property Taxes
Change
Tax Assessment
Change
2025
$72,414
5%
$5,585,349
4%
2023
$68,744
3%
$5,368,464
22%
2022
$66,907
237%
$4,400,000
223%
2021
$19,877
2%
$1,363,000
1%
2020
$19,460
-4%
$1,349,025
2%
2019
$20,313
9%
$1,322,574
2%
2018
$18,594
3%
$1,296,642
2%
2017
$18,051
9%
$1,271,219
2%
2016
$16,633
6%
$1,246,294
2%
2015
$15,738
-2%
$1,227,574
2%
2014
$16,098
—
$1,203,528
—
2013
$16,019
—
$1,198,090
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 15939 Illinois
15939 Illinois, Paramount, CA 90723 (MLS# OC26029418) is a Industrial property. 15939 Illinois is currently listed for $5,895,000 and was received on February 09, 2026. Want to learn more about 15939 Illinois? Do you have questions about finding other Industrial real estate for sale in Paramount? You can browse all Paramount real estate or contact a Coldwell Banker agent to request more information.

