2238 Walnut Avenue, Signal Hill, California 90755, Signal Hill, 90755 - bed, bath
2238 Walnut Avenue
Signal Hill, California 90755
Property Price
SUMMARY
Analysis of 2238 Walnut Avenue, Signal Hill, California 90755 is currently available with a list price of $799,990. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Signal Hill Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
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.
- Prime Location
Ideally situated in Signal Hill directly across from a highly-rated elementary school and within minutes of the 405 Freeway and Long Beach Airport.
- Proximity to Coastal Amenities
Located less than 5 miles from Belmont Shore and the Long Beach Aquarium, making it an attractive location for future tenants or buyers.
CONSRISKS & DEFICIENCIES
- Financial Data Gaps
Operating expenses are currently unknown, which complicates the ability for investors to perform an accurate pro-forma analysis or determine the exact Cap Rate.
- Age and Condition
Built in 1954 and marketed as a 're-imagine' opportunity, the property likely requires substantial capital expenditure for modernization and structural updates.
- Occupancy Constraints
Current tenant occupancy may present logistical challenges and potential relocation costs for buyers looking to begin immediate redevelopment or major renovations.
About 2238 Walnut Avenue
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1954
- Lot Size
- 5,131 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,620 | 1,950 | 50% |
| Lot Size | 5,131 | 6,425.5 | 17% |
| Price | $800.0K | $937.0K | 17% |
| Price per sq ft | $494 | $477 | 50% |
| Built year | 1954 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 210 | 210 | 67% |
Pricing History
Listed for Sale
Aug 8, 2025
$799,990
Initial Listing