Triplex with ADU Redevelopment
For Sale
$899,990
Pending
2240 Walnut Avenue, Signal Hill, CA 90755
Occupied triplex lot offers room to re-imagine the property with a potential ADU plan.
Property SizeContact for details
Days on Market380
Property Features for 2240 Walnut Avenue
General Information
Standard status
Pending
Property subtype
Multi Family
Building Details
Year Built
1949
Listing Agency:
Del Rey Residential
(909) 973-5967
Listed By:
Julian Nan · License #01928893
(909) 973-5967
Source:
Exitrealty
Added: Aug 9, 2025
Changed: Aug 8
Last Checked: Jul 23 at 8:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Del Rey Residential
Investment Insights
Based on property information with market context.
This for-sale triplex lot totals 5,131 square feet and is presented as an opportunity to redevelop or renovate an existing triplex with the addition of an ADU. The units are currently occupied, and operating expenses are not provided, so buyers should plan for due diligence on income and costs.
The property is located at 2240 Walnut Avenue in Signal Hill. Public remarks note it sits across the street from Signal Hill Elementary School, with convenient access to the 405 Freeway. The area distances mentioned include approximately 4.8 miles to Belmont Shore, 3.3 miles to Long Beach Airport, and 3.5 miles to the Long Beach Aquarium of the Pacific.
For investors or owner-operators, the current occupancy and the stated ability to redevelop or renovate can make this a practical fit for those looking to reposition a residential income asset. The most immediate next step is confirming details with the listing agent, including operating expenses and the specific approach contemplated for the triplex and ADU configuration.
The property is located at 2240 Walnut Avenue in Signal Hill. Public remarks note it sits across the street from Signal Hill Elementary School, with convenient access to the 405 Freeway. The area distances mentioned include approximately 4.8 miles to Belmont Shore, 3.3 miles to Long Beach Airport, and 3.5 miles to the Long Beach Aquarium of the Pacific.
For investors or owner-operators, the current occupancy and the stated ability to redevelop or renovate can make this a practical fit for those looking to reposition a residential income asset. The most immediate next step is confirming details with the listing agent, including operating expenses and the specific approach contemplated for the triplex and ADU configuration.
Key Highlights
- 5,131 SF lot with potential to redevelop or renovate a triplex plus an ADU
- Units are currently occupied
- Year built: 1949
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 90755, CA
11,923
Population
5,071
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
5,420
Density / Sq Mi
$102,684
Median Household Income
$61,069
Median Earnings
$1,817
Median Rent
$730,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Occupied triplex lot offers room to re-imagine the property with a potential ADU plan.
Where is this triplex located?
The property is located at 2240 Walnut Avenue Signal Hill, CA.
What is the asking price?
The asking price for this property is $899,990.
What are key features of this property?
This property features: 5,131 SF lot with potential to redevelop or renovate a triplex plus an ADU; Units are currently occupied; Year built: 1949
