11238 Ilex Ave presents a rare industrial investment opportunity in the established business hub of Pacoima, CA. The property features a total of three functional units—one at 2,520 square feet and two at 1,260 square feet each—each equipped with a small office and private restroom, catering to a variety of industrial and commercial users. High ceilings and roll-up doors provide a versatile, open layout ideal for manufacturing, storage, or distribution operations. Situated on a ±9,924 square foot lot and spanning ±5,040 square feet of building area, the property offers additional income potential through four 40-foot waterproof storage containers located at the rear. The property is leased on a month-to-month basis and can be structured as an absolute NNN lease, allowing a new owner to maintain the existing income stream or reposition the asset to maximize returns. Under an NNN structure, the tenant would be responsible for all taxes, insurance, and maintenance—resulting in zero landlord responsibilities. Built in 1970 and strategically positioned for accessibility, 11238 Ilex Ave benefits from direct connectivity to major freeways, making it an ideal location for logistics and regional distribution. With its fee simple ownership, flexible tenancy, and strong physical attributes, the property offers an attractive opportunity for both owner-users and investors seeking value-add potential or long-term income stability in one of the San Fernando Valley’s most active industrial corridors.