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Triplex with ADU Redevelopment Potential

2240 Walnut Avenue Signal Hill, CA 90755

2240 Walnut Avenue, Signal Hill, CA, 90755
$899,990
Pending
For Sale
$899,990
Pending

Occupied triplex lot offers room to re-imagine the property with a potential ADU plan.

Days on Market343

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
Listed by Julian Nan · License #01928893
Source Exitrealty
Added: Aug 10, 2025 Checked: Jul 17 at 4:47 am

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.

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 Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Dental Office Parking Lot & Garage Real Estate Agency Cafe & Coffee Shop Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
Contact an agent
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