Walnut is a well-located, 10-unit apartment community in Signal Hill presenting classic value-add upside through interior/unit renovations, re-positioning of rents, and operational improvements in a supply-constrained coastal market. Signal Hill benefits from its central position in Los Angeles County, adjacency to Long Beach, and strong tenant demand driven by employment, lifestyle amenities, and limited housing options. With a value-add component, new ownership can reposition the property to capture higher rents and long-term appreciation. Walnut Apartments were constructed in 1963 with wood frame and stucco construction. The property offers a majority of larger floorplans with (2) one-bedrooms and (8) three-bedrooms. Total net rentable square footage is 10,488 and the average units size is 1,049 square feet. All of the units have been updated with quartz or granite countertops, but no other renovations to the interiors have been made. The units in 2341 Walnut have been newly repiped with copper. Living in Signal Hill offers the charm of a small city with the convenience of being in the heart of Los Angeles County. Residents enjoy access to Long Beach and the coastline, hiking trails and parks, and a quieter suburban feel while still being close to major freeways, employment hubs, shopping, and entertainment. The community is safe, centrally located, and provides a unique blend of urban convenience and natural beauty.