2238 Walnut Avenue, Signal Hill, California 90755, Signal Hill, 90755 - 0 bed, 0 bath
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Signal Hill, California 90755
This property presents a High-Potential Investment Opportunity with a List Price of $799,990—positioned well above the $736,348 Fair Market Value by 8%. While the property requires significant rehabilitation due to its Condition Rating of 5, the 5,131 square foot lot offers exceptional Development Potential for a duplex plus ADU. Featuring a pool, deck, and patio, this asset provides immediate rental income while planning for long-term value-add. This is a strategic acquisition ideal for Buy-and-Hold Investors or Experienced Developers seeking to maximize density in Signal Hill.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2238 Walnut Avenue Subject | $799,990* List Price | 0 | 0 | 1,620 | $466 | - |
A 2497 E 20th Sold | $825,000 | 0 | 0 | 1,672 | $493 | 0.6 mi |
B 1830 Stanley Avenue Sold | $975,000 | 0 | 0 | 2,202 | $443 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, this property shows significant deferred maintenance and physical depreciation. Exterior images reveal peeling stucco and damaged roof fascia, while the kitchen contains broken tile countertops and dated cabinetry. The listing explicitly frames the property as a redevelopment or major renovation opportunity, indicating that major systems and structural components likely require substantial rehabilitation.
The 5,131 square foot lot offers significant upside with the capacity to accommodate a duplex plus an ADU, providing a high-value redevelopment opportunity.
Ideally situated in Signal Hill directly across from a highly-rated elementary school and within minutes of the 405 Freeway and Long Beach Airport.
Located less than 5 miles from Belmont Shore and the Long Beach Aquarium, making it an attractive location for future tenants or buyers.
Operating expenses are currently unknown, which complicates the ability for investors to perform an accurate pro-forma analysis or determine the exact Cap Rate.
Built in 1954 and marketed as a 're-imagine' opportunity, the property likely requires substantial capital expenditure for modernization and structural updates.
Current tenant occupancy may present logistical challenges and potential relocation costs for buyers looking to begin immediate redevelopment or major renovations.
OPPORTUNITY TO RE-IMAGINE A DUPLEX LOT IN A PRIME LOCATION IN SIGNAL HILL. This 5,131 square foot lot can accommodate the redevelopment or renovation of a duplex + ADU. The units are currently occupied. Located across the street from the highly-rated Signal Hill Elementary School with convenient access to the 405 Freeway. Only 4.8 miles from Belmont Shore, 3.3 miles from Long Beach Airport, and 3.5 miles from the Long Beach Aquarium of the Pacific. Operating expenses are unknown. Call the listing agent for clarity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,620 | 1,276 |
| Lot Size | 5,131 | 6,413 |
| Price | $800.0K | $964.0K |
| Price per sq ft | $494 | $490 |
| Built year | 1954 | 1961 |
| HOA | $0 | $0 |
| Days on market | 348 | 43 |
Aug 8, 2025
$799,990
Initial Listing