2240 Walnut Avenue, Signal Hill, California 90755, Signal Hill, 90755 - bed, bath
2240 Walnut Avenue
Signal Hill, California 90755
Property Price
SUMMARY
Analysis of 2240 Walnut Avenue, Signal Hill, California 90755 is currently available with a list price of $899,990. 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.
Originally built in 1949, the property is explicitly marketed as a redevelopment or major renovation opportunity. While some rooms feature newer laminate flooring and recessed lighting, other areas show unfinished subflooring and dated cabinetry. The presence of window AC units and the listing's description of 're-imagining' the triplex lot indicate significant deferred maintenance and the need for substantial rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The 5,131 square foot lot is zoned to accommodate a triplex plus an ADU, offering significant value-add potential through redevelopment or expansion.
- Prime Signal Hill Location
Centrally located with proximity to Belmont Shore, Long Beach Airport, and the Aquarium of the Pacific, ensuring high desirability and low vacancy rates.
- Educational Proximity
Situated directly across from the highly-rated Signal Hill Elementary School, making the location particularly attractive for families and long-term tenants.
CONSRISKS & DEFICIENCIES
- Aged Infrastructure
Originally built in 1949, the property likely requires substantial modernization or a full 're-imagining' to address deferred maintenance and meet modern standards.
- Financial Uncertainty
Operating expenses are currently unknown, which complicates the initial underwriting process and ROI projections for prospective investors.
- Occupancy Challenges
The units are currently occupied, which may present logistical hurdles for immediate redevelopment plans or significant interior renovations.
About 2240 Walnut Avenue
OPPORTUNITY TO RE-IMAGINE A TRIPLEX LOT IN A PRIME LOCATION IN SIGNAL HILL. This 5,131 square foot lot can accommodate the redevelopment or renovation of a triplex + 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
- Triplex
- Year Built
- 1949
- Lot Size
- 5,130 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 | 2,511 | 2,395.5 | 50% |
| Lot Size | 5,130 | 6,425.5 | 17% |
| Price | $900.0K | $942.5K | 50% |
| Price per sq ft | $358 | $409 | 50% |
| Built year | 1949 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 210 | 210 | 67% |
Pricing History
Listed for Sale
Aug 8, 2025
$899,990
Initial Listing