Orange County Distressed Income Properties: Bank Owned Foreclosures & Short Sales

Distressed income property in Orange County can often represent tremendous value as bank owned foreclosure and short sale income properties are commonly priced below market to spur demand. Since, bank owned foreclosures and short sales can be complex transactions, we strongly recommend experienced representation by Real Estate agents who know the in and outs of these types of sales.

Distressed Income Properties for Sale

All Listings $500,000 - $700,000 $700,000 - $900,000
$900,000 - $1,000,000 $1,000,000 - $1,500,000 $1,500,000 - $2,000,000
$2,000,000 - $2,500,000 $2,500,000 - $3,000,000 $3,000,000 - $4,000,000
$4,000,000 - $5,000,000 $5,000,000 - $7,500,000 $7,500,000 - $10,000,000
Over $10,000,000
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$13,500,000
 

1628 Oceanfront, Newport Beach

6 Beds, 11 Baths,
Don't Miss Out on This Rare Opportunity! Discover the unparalleled charm of this prestigious property nestled in the heart of the Balboa Peninsula. Situated between the iconic Balboa Pier and Newport Pier, this boutique hotel offers a unique blend of luxury and coastal living. Featuring (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units, this property boasts versatility to accommodate various lifestyles. Four units offer
Lisa Zhou Legacy Capital Investment Group
$12,000,000
 

283 Avocado Street, Costa Mesa

6 Beds, 5 Baths,
Legitimate turnkey multifamily investment property offering a range of one-, two-, and three-bedroom loft-style floor plans. Substantial investment was made in 2023 and 2024, with over $1.7M in interior and exterior capital improvements. 100% of the interiors are fully renovated, including all new appliances, cabinets/counters, new electrical panels, flooring, painting and drywall, and all new windows and doors. Common area improvements
Tyler Leeson Marcus & Millichap RE Invest
$11,695,000
 

4005 Seashore, Newport Beach

8 Beds, 5 Baths,
Featuring TWO highly coveted SHORT TERM RENTAL PERMITS, this oceanfront duplex in Newport Beach offers exceptional income opportunities on the coast of Southern California. Located directly on the beach with no boardwalk between the property and the sand, the two-story design welcomes stunning ocean, beach and shoreline views from both levels. The lower-level residence features three bedrooms and 2 baths, while the second-floor unit boasts five
Tara Mcnabb Compass
New
$9,500,000
 

2442 Coast, Laguna Beach

2 Beds, 2 Baths,
2442 Laguna is a rare fully renovated 8-unit, three-story, ocean view oriented apartment community built in 1964. Located in the city of Laguna Beach, California, situated on .222 acres of land, this property contains one building constructed of wood frame, and stucco with stone accents. The roof system is flat built up. 2442 Laguna is comprised of a majority two-bedroom / two-bathroom units, with an average unit size of 1,124 sf. 2442 Laguna
Peter Hauser NorthMarq Realty Services, Inc
$8,990,000
 

125 16th Street, Huntington Beach

8 Beds, 6 Baths,
Beachwood Apartments is a rare offering being the largest building presently available in Huntington Beach and the closest to the sand. It is located in the 100 block of Downtown Huntington Beach (built on 6 legal lots) and is less than 200 feet from Pacific Coast Highway. This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,750,000 and SFRs in the $2,000,000 to $6,000,000 range. High income
Scot Campbell Coldwell Banker-Campbell Rltrs
$7,999,000
 

1003 Balboa Boulevard, Newport Beach

9 Beds, 8 Baths,
Balboa Peninsula Oceanfront compound on the boardwalk in Newport Beach with coveted short term rental permit. The Large house features panoramic views from Dana Point to Catalina with 3 stories, an elevator, 6 bedrooms and 6 baths. The master bedroom is on the second floor and offers unobstructed ocean views. The private courtyard is a great way to enjoy the beachfront living and connects the main house to the 3 car garage. The second unit is a
Sean Stanfield Pacific Sotheby's Int'l Realty
$7,945,000
 

421 Edgewater, Newport Beach

5 Beds, 6 Baths,
EARN INSTANT EQUITY WITH APPROVED PLANS TO ADD A THIRD FLOOR! Perfectly situated on the coveted Balboa Peninsula, this property offers a fantastic opportunity that will actually double the value of your investment in just 8 months. The APPROVED PLANS show a new roof, new siding,new inside laundry room on 2nd floor, new bi-fold doors, new black windows and a new glass elevator to all three floors. The addition on the third floor will have a
Jodi Ditolla DiTolla Real Estate
$6,870,000
 

717 Garfield Street, Santa Ana

1 Bed, 2 Baths,
VALUE ADD OPPORTUNITY! CHEAPEST PRICE PER UNIT PROPERTY IN SANTA ANA!!! SUBMIT ALL OFFERS!! We are pleased to offer for sale this well-located gated property in the highly desirable Prime Historic French Park area. This property is also close to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This gated community is located minutes to Downtown Santa Ana, the Old Orange County Courthouse, Police
Ruben Khorsandi Alliance Investment RE Group
New
$6,500,000
 

506 Oceanfront, Newport Beach

7 Beds, 6 Baths,
Once in a lifetime opportunity! For the 1st time in over 35 years, 506 E. Oceanfront is NOW available to add to your investment portfolio as an investment asset or, utilize it for your future primary residence (or both as its zoned as a Duplex). These assets customarily never hit the market and become generational properties! Don't Hesitate. Don't let this unique opportunity pass you by. Located in the heart of the Balboa Peninsula!
David Holstein The Holstein Group
$6,390,000
 

208 Hoover Avenue, Orange

3 Beds, 2 Baths,
Located in the heart of the highly sought-after city of Orange, this 20-unit apartment building presents a compelling investment proposition with significant upside potential in rental income. Comprising of 16 one-bedroom, one-bathroom units, and four spacious two-bedroom, one-bathroom units, this property caters to a wide range of tenant needs. 16 One-Bedroom, One-Bathroom Units: These well-appointed units provide comfortable living spaces for
Jason Kirklen Kirklen Investment Group
New
$6,200,000
 

314 Pearson Avenue, Anaheim

3 Beds, 2 Baths,
Pearson Gardens is a well-maintained and professionally managed asset with an excellent unit mix at an attractive cap rate. The property is a garden style two-story walk-up with polished landscaping and strong curb appeal, along with a gated walk-in entry, well-kept interior courtyard, clean on-site laundry room, and barbecue area. This twenty-unit multifamily complex consists of eight 1-bed 1-bath units and twelve 2-bed 1-bath units, some of
Mark Bridge Mark Bridge, Broker
$5,995,000
 

166 Fairview Street, Laguna Beach

5 Beds, 5 Baths,
Welcome to coastal luxury living at its finest! Nestled in the heart of North Laguna Beach, this exceptional duplex at 166 Fairview & 168 Fairview has been meticulously reimagined and renovated over the course of 18 months, resulting in a true masterpiece. No detail was spared in this extensive renovation. Every facet of this property has been thoughtfully upgraded, from brand-new Milgard insulated fiberglass windows and La Cantina doors to
Clark Smith Realatrends
$5,499,000
 

215 32nd Street, Newport Beach

8 Beds, 7 Baths,
TWO SHORT TERM LODGING PERMITS - 2023 Generated approximately $260k in revenue. 2024 is projected to be closer to $300k This property was designed and built specifically as a short-term rental property maximizing on room count and rentability. Recently constructed Eight (8) full siize bedrooms, 5 full baths and 2 half bath Newport Beach Balboa Peninsula Duplex Home- complete with TWO (2) SHORT TERM LODGING (RENTAL) PERMITS. This is an
Chris Moreno Surterre Properties Inc.
$5,495,000
 

3912 River Avenue, Newport Beach

5 Beds, 6 Baths,
Situated on one of Newport Beach’s most coveted corner bayfront lots, 3912 River is a contemporary duplex along the canal with a stunning private dock and boat slip. This timeless property offers an abundance of natural light via an array of skylights and large pane windows. Each unit offers bedrooms with en-suite bathrooms, a balcony off the primary suite, and an open kitchen with quartz countertops and stainless-steel appliances. The
Timothy Carr Pacific Sotheby's Int'l Realty
$5,495,000
 

510 Glenneyre Street, Laguna Beach

8 Beds, 8 Baths,
Investors and savvy buyers, seize this rare chance to own a remarkable income-producing gem! Nestled in a sought-after location, this meticulously maintained 8-unit property presents an exceptional opportunity to secure your financial future. Situated in the heart of Laguna Beach, this property enjoys convenient access to the beach, shopping centers, and restaurants. Property has a total of 8 units. One unit is two bedroom. six of the units are
Vicken Tasmajian Beverly and Company, Inc.
$5,350,000
 

4015 Marcus Avenue, Newport Beach

5 Beds, 3 Baths,
Welcome to 4015 Marcus Drive, a captivating property nestled in the heart of Newport Island in Newport Beach. This extraordinary residence boasts a private dock, granting you the privilege of harboring your very own Duffy or larger boat at your waterfront home. Picture the sheer joy of gliding along the pristine waters, watching sunsets, or immersing yourself in the picturesque allure of Newport Harbor at your leisure. More than a haven for a
Andy Stavros DOUGLAS ELLIMAN OF CALIFORNIA, INC.
$5,300,000
 

35091 Beach Road, Dana Point

6 Beds, 5 Baths,
Panoramic Ocean Views from this recently updated OCEANFRONT Duplex with heated Pool and direct beach access to the sand on 24-hour Guard Gated Beach Road. Situated on one of the larger lots in this exclusive guard gated community with over 8,276 sq.ft. Completely Remodeled 6 bedroom Pool home features high-end finishes, is fully furnished, and accommodates 13 guests comfortably (Upper 3 Bdrm + 2 Bath with Ocean View Deck rents for $7-12k/mo
Cynthia Ayers Laguna Coast Real Estate
$5,295,000
 

4800 Seashore Drive, Newport Beach

6 Beds, 3 Baths,
Ideally situated in the West Newport enclave of the Newport Beach Peninsula. Life on the Seashore is more fun than ever at this luxurious partial beach-front residence. Enjoy breathtaking ocean, sunset, coastline, crashing waves, from inside and out. The exquisite seashore duplex offers a unique opportunity to own a rare piece of paradise. With stunning ocean views, this multifamily home is a one-of-a-kind gem. Each unit boasts spacious living
Christopher Parr eXp Realty of Southern Ca, Inc
$5,189,000
 

35087 Beach Road, Dana Point

6 Beds, 2 Baths,
Rare oceanfront property with direct beach access in the guard gated community of Beach Road in Dana Point. 6 bed 4 bath 2,354 square foot two units consisting of a 4 bed 2 bath and 2 bed, 2 bath home on one of the larger lots on the road of 7,841 sq.ft. with 39' of beachfront and over 200' of depth. Panoramic ocean views, great rental history, currently holds a short-term rental permit from the City of Dana Point.
Tyler Kropf BAC Real Estate Group, Inc.
$5,178,000
 

2658 Santa Ana Avenue, Costa Mesa

12 Beds, 6 Baths,
6 UNIT COMPLEX NEWLY REMODELED WITH RARE MARKET VALUE RENTS SO THAT YOU AREN'T BELOW MARKET OUT OF THE GATE. This 6 unit offers investors the best return for a low and easy management opportunity WITH POTENTIAL FOR ADU AND ADDITIONAL INCOME. 2658 Santa Ana is a lucrative investment opportunity in the heart of Popular Eastside Costa Mesa – a commercial multifamily property that epitomizes turnkey perfection. Ideal for the discerning investor
Veronica Hicks Condos Etc, Inc
$5,100,000
 

527 Anna Drive, Anaheim

3 Beds, 2 Baths,
16-unit investment opportunity located at 527 N Anna Dr, Anaheim, CA 92805. The property is a mix of two bedroom one bath and one bedroom one bath units. Subject property has been recently upgraded to include all new dual pane windows and new paint. The subject property is located within a prime area of Downtown Anaheim, and it is within close proximity to shopping and entertainment centers, schools, parks, government buildings, and more.
Brendon Guichet Uncharted
$4,999,999
 

2717 El Camino Real, San Clemente

13 Beds,
The property at 2717 S El Camino Real, also known as House of Trestles, offers a unique blend of residential and commercial features in Southeast San Clemente. Comprising 12 individual units of varying sizes and amenities, it caters to diverse preferences and needs. Among its notable features is a commercial-grade kitchen, perfect for culinary enthusiasts or businesses. Additionally, the property boasts a spacious flex roof off the building's
Casey Wootan CENTURY 21 Affiliated
$4,995,000
 

304 Myrtle Street, Laguna Beach

3 Beds, 3 Baths,
Offered for the first time in over 80 years, this extremely rare, iconic Spanish-Revival property epitomizes the classic "native" California architecture and style. Located on a prime corner in North Laguna Beach, the most desirable part of town, within blocks of world-famous beaches, art galleries, restaurants and other nearby attractions. Offering an eclectic mix of one two-bedroom unit, four one-bedroom units, one studio, three
David Csira Cove Canyon Realty
$4,895,000
 

122 Avenida Del Reposo, San Clemente

5 Beds, 5 Baths,
Pleased to present the Sea Wind Apartments, a rare and remarkable investment opportunity in the heart of San Clemente. Located at 122 Avenida Del Reposo and 141 Avenida Florencia, this meticulously crafted property features (7) 2BR/1.5BA units approaching 1,100 SF each and a charming 1BR/1BA residence. Four of the two-bedroom units offer an unparalleled vantage point, allowing residents to savor breathtaking ocean views and sunsets while the
Rick Applebaum Morgan Skenderian

If you would like further information or assistance regarding distressed income properties that are short sales or bank owned foreclosures please contact us.

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