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 Under $500,000 $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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$15,850,000
 

1251 N Placentia Avenue, Anaheim

39.7k SqFt
We are pleased to offer the OC Apartments opportunity for sale. The property is a very well-maintained property situated on a 1.5-acre parcel with meandering sidewalks through beautifully landscaped grounds with an inviting swimming pool, spa and BBQ area. The property is conveniently located within minutes to both the 91 and 57 freeways. Approximately 26 units have recently been renovated with new wood plank/vinyl floors, quartz countertops
$13,000,000
 

618 Avenida Victoria, San Clemente

11k SqFt
Unique opportunity to acquire an iconic property in San Clemente's highly sought-after Pier Bowl, located steps from world class beaches, restaurants, shopping, hotels, and other tourist draws. The Subject Property is located in the beach community of San Clemente (South Orange County) with easy access to Interstate 5, blocks from Downtown San Clemente (Del Mar Street) and directly adjacent to the San Clemente Pier. 618-630 Avenida Victoria
$10,500,000
 

506 N. Coast Hwy., Laguna Beach

6,000 SqFt
Opportunity knocks! This unique property under the same ownership since 1976 accommodates many different uses. Currently it operates as short term rentals, it could be a home with income, family compound or long term rentals. It is located at the North end of gallery row and minutes to Heisler Park, beach, town and shopping. Comprised of two legal parcels,4 buildings & 2 historic homes. The Myrtle Cottage is 3 bedrooms, 3 baths split into
$9,250,000
 

2442 S Coast Highway, Laguna Beach

8,991 SqFt
Whether you’re searching for an ideal investment, tax advantages, a chic beach getaway or all of that and more, this fashionably remodeled 8-residence property on South Coast Highway in Laguna Beach is ready to enrich your life. Go in with friends and family, keep a few units for yourself and rent the rest, make one your perfect ocean-side hideaway or rent them all and reap the rewards...the choice is all yours. Panoramic ocean and Catalina
$7,995,000
 

117 Via Antibes, Newport Beach

7,694 SqFt
Generational opportunity to purchase a beautifully remodeled, six-unit condo complex on famed Lido Isle, the adage of location, location, location could not be more accurate when describing this one-of-a-kind investment. Sited an incredible parcel of approximately 3.5 lots and conveniently close to the areas desirable amenities of the bay, world-class dining, Lido Village, shopping and beaches coupled with access to the fabulous amenities of the
$7,750,000
 

400 404 Loma Terrace, Laguna Beach

9,460 SqFt
400 & 404 Loma Terrace is an 8-unit multifamily investment property located in Laguna Beach, one of the premier coastal housing markets in Southern California. As 400 & 404 Loma Terrace are located on two, adjacent parcels, the property can be purchased with long-term residential financing. The unique 9,460 square foot property consists of spacious two- and three-bedroom units with large private balconies and expansive ocean views. 400
$7,400,000
 

2202 Hess Circle, Huntington Beach

17.7k SqFt
Located in the beach community of Huntington Beach, CA, this 17-unit gated apartment complex sits upon a large 49,223 square foot lot. Built in 1981, the unit mix consists of: Two (2), 3 Bed / 2.5 Townhomes, Three (3), 2 Bed / 1.5 Bath Townhomes with a Den, Eleven (11), 2 Bed / 1.5 Bath Townhomes, and One (1), 1 Bed / 1 Bath. All units have individual water heaters, and tenants have access to a laundry room, 2-car garages, and a tennis court.
$6,875,000
 

1295 Ocean Front, Laguna Beach

2,500 SqFt
Just Reduced! Seller Motivated to Sell now! Luxury Ocean Front duplex, turn-key - situated in the heart of Laguna Village, just steps from all the shops, restaurants, galleries in the "Hip District". Panoramic whitewater & Catalina Island views from nearly every room in both the Penthouse/Upper and Lower contemporary cottage duplex. This remodeled property sits on a corner lot where Cress Street meets the Pacific Ocean - has no
$6,800,000
 

150 Cress Street, Laguna Beach

3,415 SqFt
Lifetime opportunity!! This spectacular, trophy property offers three (3) world class beach villas with at least six (6) parking (very rare) nestled on a prime beachfront location in World Famous Laguna Beach. Appointed to the nines, this luxury property offers the very best in form, function and location. The three beach villas boast single level floor plans enhanced with the finest designer finishes. Spectacular outdoor spaces include 4 fire
$6,285,000
 

7581 Warner Avenue, Huntington Beach

13.3k SqFt
Duke Apartment Homes is an 11-unit multifamily investment opportunity located in Huntington Beach, California. The 13,305 square foot property consists of spacious two- and three-bedroom floor plans and offers amenities including garage parking with remote control access, open parking, on-site laundry facilities, private balconies with storage, controlled access with keypad entry, and a gated dog park. Built in 1988 and renovated in 2018, the
$6,250,000
 

1001 Riverine Avenue, Santa Ana

1 Bath, 20.9k SqFt
Riverine Apartments is a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 14 percent. Situated on a 0.48-acre lot, the 20,854 square foot property consists of spacious studio units and offers residents on-site laundry, controlled access, security
$5,700,000
 

1510 E Canfield Lane, Anaheim

18.3k SqFt
This is a nicely renovated twenty-unit multifamily property located near the Downtown area in Anaheim, California. The asset offers a nice mix of one and two-bedroom units and is located on a large lot with very nice curb appeal. The two-story building is well maintained and has beautifully landscaped grounds with flowers, plants and clean-cut grass. The complex is garden style with a pool located in the center for residents to enjoy. There is
$5,400,000
 

1216 W Balboa Boulevard, Newport Beach

5,382 SqFt
Highly desirable 7 unit multifamily coastal property on the sought-after Balboa Blvd strip. Popular unit mix of 4 two bedrooms and two baths and 3 two bedrooms and 1 bath. Well maintained and very low cost maintenance building. Operates at 100% full occupancy with long term career professionals as tenants. All units are remodeled, upgraded and turnkey. New owners will not have to do anything. In addition, there is room to increase rents.
New
$4,999,999
 

1767 W Sumac Lane, Anaheim

12k SqFt
1767 W. Sumac Lane, an eighteen unit multifamily property located in the City of Anaheim, California. Situated on a 22,895 SF lot, the property consists of four two-bedroom / one-bath style units and fourteen one-bedroom / one-bath style units. Built in 1959, the property has nice curb appeal with plants, trees, and grass int he front. A spacious newly concreted interior courtyard is located within the property. Each unit is individually metered
$4,799,000
 

1438 Minnie Street, Santa Ana

13.7k SqFt
New Star proudly presents 1438 S Minnie St, a beautiful 20-unit apartment complex located in the heart of Santa Ana. Excellently situated near various necessity & entertainment venues and in close proximity to the I-5. Boasting high occupancy with cooperative tenants and extra added income of $300/month from two sets of laundry machines, this amazing income property offers a fantastic chance at a savvy investment. DON'T MISS THIS PRIME
New
$4,695,000
 

505 Monterey Lane, San Clemente

4,914 SqFt
HIGHLY MOTIVATED SELLERS!! SUBMIT ALL OFFERS!! 505 West is quintessential Southern California coastal real estate. This investment opportunity is located in the highly desirable "Pier Bowl" location of San Clemente, just a few steps to beaches (including world-class surfing spots), historical San Clemente pier, restaurants and shops. 505 has been extensively remodeled, with over $1 million dollars invested into the interiors and
$4,500,000
 

17062 Altadena Drive, Tustin

15.2k SqFt
These Apartment Homes are Always Rented! Great Tustin Location with Easy Access to the 55 Freeway, Tustin Commuter Rail(Orange County, Inland Empire-Orange County Lines) and OCTA Busses. Strong Rental Market with Easy to Rent 2 & 3 BRs. Each Unit has an Individual Single Garage, Parking Space, and a Yard, Balcony or Deck! This well kept Income Property has all New Double Pane Windows. Flooring consists of Porcelain Tile, Wood Look Vinyl,
$4,395,000
 

2212 W Oceanfront, Newport Beach

3,171 SqFt
Welcome to 2212 W Oceanfront, your premier investment opportunity in Newport Beach. Totaling approximately 3,200 square feet, including a 2 bed double-master unit with 3 bath upstairs, and a 3 bed with 2 bath unit downstairs, both the upper and lower units feature a chic updated interior and stellar ocean views. The units include elegant wood-like finished porcelain flooring, premium ovens and stovetops with contemporary backsplash, luxurious
$4,200,000
 

2070 S Mountain View Avenue, Anaheim

13.2k SqFt
PRICE REDUCED and HIGHER INCOME and EXTERIOR RENOVATION IN JULY 2019. This sixteen-unit multifamily property offers nice curb appeal with a strong current cap rate above 4.5% and over 5% on market. Built in 1962, the Mountain View Apartments consists of 13,200 rentable square feet spread across a lot size totaling 0.48 acres. The asset offers 14 - 2 bed / 1 bath units and 2 - 1 bed units. The building has a gated front yard and is nicely
Reduced
$4,000,000
 

1220 N Coast, Laguna Beach

4,000 SqFt
Prime Location on PCH in the prestigious neighborhood of North Laguna Beach! This spectacular property offers the magnificent LIVE & WORK OPPORTUNITY with 2,000 SF of open commercial space on the main floor with 20 ft high walls, polished concrete floors, serene courtyard with tile fountain & trees. Recessed lighting, half bathroom, Front window display boxes, Wrought iron double door entry, Historical Ornate building full of charm.
$3,900,000
 

2214 W Oceanfront, Newport Beach

3,603 SqFt
OCEANFRONT DUPLEX APPROVED FOR SHORT TERM RENTALS. Both Furnished. HUGE INCOME POTENTIALl! Very popular stretch of beach surrounded by numerous Stores, Restaurants, etc. Upper unit 3 BR. 3BA. and Lower unit 3 BR. 2BA. FRONT ROW VIEWS of the Ocean, Sunsets and breaking Waves. 5 parking spaces including 2 garages. Mixed use also allowed. Incredible opportunity for this Oceanfront property. See Remarks.
$3,895,000
 

317 S Flower Street, Santa Ana

16 Beds, 20 Baths, 10.4k SqFt
One of the finest apartment units with 100% occupancy with many original tenants. These Flower apartments were built in 1985 consisting of 13 Studios and 7 1BD/1BA units. Flooring , baseboards, counter tops, pain, plumbing and Electrical fixtures are few of the improvements. Units 1,7,12,19 & 20 have been converted without permits from studios to 1 BD/1BA by adding an interior wall. Units 1,10,11 & 20 are larger corner 1 BD/1BA
$3,650,000
 

35091 Beach Road, Dana Point

$3,545,000
 

245 Cypress Drive, Laguna Beach

3,903 SqFt
The Cypress Drive Apartments is a six-unit apartment building located in the highly coveted submarket of North Laguna Beach within the Greater Orange County area. The property offers an attractive unit mix consisting of (1) two bedroom/ one bathroom unit, (3) one bedroom/ one bathroom units, and (2) studio units totaling 3,903 square feet, situated on a 6,098 square foot lot. The property has gone through an extensive remodel of the interiors

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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