2240 Walnut Avenue, Signal Hill, California 90755, Signal Hill, 90755 - bed, bath
ACTIVE UNDER CONTRACT$899,990
2240 Walnut Avenue, Signal Hill, California 90755
0Bed
0Bath
2,511Sqft
5,130Lot
Year Built
1949
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$358
HOA
-
Days on market
-
Sold On
-
MLS number
OC25178958
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $900.0K(57th), sqft - 2511(71th), beds - undefined(50th), baths - undefined(50th).
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.
Price History
Date
Event
Price
08/08/25
Listing
$899,990
Condition Rating
Poor
Built in 1949, this property is explicitly marketed for its 'redevelopment or renovation' potential, with 'demolition' noted as an option, indicating the existing structure is in poor condition. The property analysis confirms it 'likely requiring substantial capital investment for modernization, repairs, or demolition.' While some cosmetic updates like newer flooring, paint, and a modern ceiling fan are visible, the kitchen is highly unconventional and incomplete, featuring freestanding appliances and a folding table instead of built-in cabinetry and countertops, making it largely non-functional by modern standards. This necessitates substantial rehabilitation beyond minor updates.
Pros & Cons
Pros
Redevelopment & ADU Potential: The 5,131 sq ft lot offers a significant opportunity to re-imagine or redevelop a triplex, with explicit mention of accommodating an Accessory Dwelling Unit (ADU), maximizing income potential.
Prime Signal Hill Location: Situated in a prime area of Signal Hill, known for its desirability and investment potential.
Excellent Freeway Access: Convenient access to the 405 Freeway, a major advantage for commuters and regional connectivity.
Proximity to Key Amenities & Attractions: Located near popular destinations like Belmont Shore, Long Beach Airport, and the Long Beach Aquarium of the Pacific, enhancing lifestyle appeal.
Highly-Rated School Proximity: Directly across from the highly-rated Signal Hill Elementary School, making it attractive to families and increasing rental demand.
Cons
Tenant Occupancy Challenges: The units are currently occupied, which could present challenges and costs related to tenant relocation or lease termination for redevelopment or extensive renovation.
Undisclosed Operating Expenses: A critical lack of information regarding operating expenses makes it difficult for potential investors to accurately assess profitability and financial viability.
Age of Existing Structures: Built in 1949, the existing triplex is an older property, likely requiring substantial capital investment for modernization, repairs, or demolition for redevelopment.