2238 Walnut Avenue, Signal Hill, California 90755, Signal Hill, 90755 - bed, bath
ACTIVE UNDER CONTRACT$799,990
2238 Walnut Avenue, Signal Hill, California 90755
0Bed
0Bath
1,620Sqft
5,131Lot
Year Built
1954
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$494
HOA
-
Days on market
-
Sold On
-
MLS number
OC25178945
Home ConditionPoor
Features
Deck
Pool
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $800.0K(14th), sqft - 1620(57th), beds - undefined(50th), baths - undefined(50th).
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.
Price History
Date
Event
Price
08/08/25
Listing
$799,990
Condition Rating
Poor
Built in 1954, this property is explicitly described as an 'opportunity to re-imagine' and requiring 'substantial renovation/redevelopment.' The images confirm this, revealing extremely outdated kitchens and bathrooms with old cabinets, appliances, and fixtures. The flooring and general finishes are worn and dated, indicating a property that has not seen significant updates in many decades. While currently occupied, it requires extensive repairs and modernization to be comfortable and meet current standards.
Pros & Cons
Pros
Prime Signal Hill Location: Situated in a highly desirable area of Signal Hill, offering excellent access to amenities and a strong rental market, including being across from a highly-rated elementary school.
Significant Redevelopment Potential: The 5,131 sq ft lot is explicitly noted as an opportunity to redevelop or renovate into a duplex + ADU, maximizing future value and income potential.
Proximity to Key Amenities & Attractions: Conveniently located with easy access to the 405 Freeway, and within a few miles of Belmont Shore, Long Beach Airport, and the Long Beach Aquarium of the Pacific, enhancing its appeal.
Existing Income-Generating Asset: Currently configured as a duplex with occupied units, providing immediate rental income potential for an investor from day one.
Versatile Investment Opportunity: Ideal for investors seeking a value-add project, offering options for renovation, redevelopment, or long-term rental income in a sought-after area.
Cons
Requires Substantial Renovation/Redevelopment: Built in 1954, the property is presented as an 'opportunity to re-imagine,' indicating that significant capital investment and work will be required to modernize or redevelop the structure.
Unknown Operating Expenses: The lack of information regarding operating expenses creates financial uncertainty and risk for potential investors, making accurate pro forma analysis challenging.
Occupied Units Complicate Immediate Plans: While income-generating, the current occupancy of both units could pose logistical challenges and additional costs for a buyer planning immediate renovation or redevelopment, including potential tenant relocation.