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 Over $10,000,000
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$17,500,000
 

160 Saint Anns Drive, Laguna Beach

6,800 SqFt
This magnificent oceanfront property designed by prestigious architect Paul McLean and masterfully built by Gallo Builders is truly one of Laguna Beach’s finest! Nestled on a bluff overlooking the Pacific, this stunning residence is the perfect family compound or investment opportunity. Each level’s floor to ceiling walls of folding glass and mahogany doors open to beach front patios creating breathtaking indoor/outdoor spaces to enjoy sea
$17,250,000
 

1990 2002 Maple Avenue, Costa Mesa

37.4k SqFt
Sundance West Apartment Homes is a rare 40+1 unit multifamily investment opportunity located in Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a combined 1.93-acre lot, Sundance West Apartment Homes consists of 1, non-conforming one-bed/one-bath unit, 20, two-bed/one-bath units, and 20, three-bed/one-and-a-half bath units. Built in 1962 and 1963, the property offers community amenities such as a
$16,999,999
 

2800 Ocean Front, Laguna Beach

6,000 SqFt
Are you ready to live your coastal dream? This is one of those once in a lifetime opportunities that may never come around again. Enjoy beachfront living ON THE SAND of coveted Victoria Beach. This incredible multi-family property on an almost 10,000sqft lot has 60ft of beach/ocean frontage. The main home consists of 3 beds, 4 baths, and a den/bonus room adjacent to the sand. There are two additional 2bed, 2bath units, mirror images of each
$14,750,000
 

2140 S Main Street, Santa Ana

48.5k SqFt
Southtown at Main is a mixed-use investment property consisting of 44 multifamily units and 4 retail suites located at 2140 South Main Street, Santa Ana, CA. Built in 1988, Southtown at Main offers a fantastic unit mix consisting of spacious studio, one-bedroom, and two-bedroom floor plans, which allow the property to appeal to a wider renter base. The property provides a wide range of amenities including controlled access with keypad entry,
$10,195,000
 

136 Cliff Drive, Laguna Beach

11.6k SqFt
We are delighted to offer a truly iconic piece of Laguna Beach: 136 Cliff Drive & 145 Cedar Way, a 17-unit multifamily property perched upon a hill in the heart of the city. Also known as Twin Palms, the property is situated in one of the best locations within Laguna Beach, just steps to the world famous Main Beach, Pageant of the Masters, the Sawdust Festival, and countless seaside shops, cafes, and nightlife entertainment options. Twin
$7,420,000
 

536 539 N Anna Drive, Anaheim

17.5k SqFt
Palm Vista Apartment Homes is a twenty-eight unit multifamily complex located in Anaheim, California. Built in 1960 & 1964 the two parcels consist of 20 - 1 bed / 1 bath and 8 - 2 bed / 1 bath units. Both assets are well maintained and have beautifully landscaped grounds with flowers, plants and clean-cut grass. Open Parking and 28 Garages are available for tenants, which is a nice amenity in the densely populated city and on-site laundry is
Reduced
$7,250,000
 

4407 Seashore Drive, Newport Beach

3,000 SqFt
Welcome to 4407 Seashore Drive, arguably the best location in West Newport. Taken down to the studs in 2007, this incredible beachside duplex is located on the sand and has been in the same family for two generations, it has never been listed before. The meticulously maintained downstairs unit features 3 bedrooms and 2.5 bathrooms. The living space opens to the sandy enclosed “yard” just steps to the waves and is beautifully upgraded throughout;
New
$7,250,000
 

900 E Oceanfront, Newport Beach

5,850 SqFt
SIX UNITS ON THE OCEANFRONT - Here is your chance to operate what could be in effect an oceanfront hotel on the Balboa Peninsula! Six 2 bedroom 2 bath units on the boardwalk, with Balboa Park, sand and ocean straight ahead, and the shopping, dining and activities of Balboa Village just a block away. Each unit has 1 car parking on the carport. Currently a mix of short term and long term rental units. Huge room for revenue improvement as well -
$6,995,000
 

117 Via Antibes, Newport Beach

7,398 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
$6,995,000
 

356 Cliff Drive, Laguna Beach

3,411 SqFt
356 Cliff is truly a rare offering on one of the most prestigious streets in Laguna Beach. This highly sought after investment property offers amazing ocean views and tons of potential for great rental income. Its currently set up as a fourplex which includes two units that are 2 bed 1 bath, one unit is 2 bed 2 bath and one studio with a full bath. The units sit on an over-sized lot with two single car garages and six additional uncovered
$6,499,999
 

7310 W Oceanfront, Newport Beach

3,540 SqFt
Dip your toes in the sand and surf with the best oceanfront living on W Oceanfront. There’s no better place for panoramic sunsets and views of white-water caps, the ocean and Catalina. As one of the tallest homes on W Oceanfront, there are 3 levels of living, with the structure currently configured as a duplex. This flexible structure could be converted to a single-family home or maybe convert the 1st floor to a 3rd unit as an ADU (buyer to
$6,495,000
 

150 Cress Street, Laguna Beach

3,415 SqFt
Permitted for vacation rental- Your possibilities are virtually endless at this gated compound in Laguna Beach’s desirable village, where a trio of fully upgraded cottages is moments from the beach below and offers breathtaking ocean and sunset views. Adjacent to the steps leading to Cress Street Beach, the unparalleled property lives like an oceanfront paradise, with the ability to cater it to your individual lifestyle. Enjoy the large main
$6,425,000
 

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 consists of spacious studio units and offers amenities including on-site laundry, controlled access, security doors, private balconies, and gated covered parking. 16 units have recently undergone renovations including new flooring, cabinets, paint, quartz countertops, fixtures, and appliance packages.
$5,995,000
 

1514 W Oceanfront, Newport Beach

2,800 SqFt
Rare legal oceanfront Triplex in highly desired, central oceanfront location on the boardwalk between the two piers was recently remodeled earlier this year. Excellent income history with proven track record and immaculate condition. Stunning unobstructed "sit-down" ocean, Catalina and sunset views from the 2 front units. Recent upgrades include termite clearance, new interior and exterior paint in all units, remodeled kitchens, new
$5,300,000
 

204 E Oceanfront, Newport Beach

5 Beds, 3 Baths, 2,500 SqFt
This unique quintessential beachside property is situated on a prime lot, perfectly positioned between Newport Pier and the Balboa Pier. Each condo features breathtaking views of the surf and sand, with stunning sunsets in the evening, and a layout optimized for seamless indoor-outdoor living. The upper-level condo features an open layout with 3 bedrooms, 2 bathrooms, and a rooftop deck for entertaining. The bottom-level condo features 2
$5,040,000
 

939 1001 S Standard Avenue, Santa Ana

1 Bed, 1 Bath, 14.8k SqFt
We are pleased to present the opportunity to acquire 939 - 1001 South Standard Avenue, a 24-unit multifamily investment property located in Santa Ana, California. Built in 1958, 939 - 1001 South Standard Avenue consists of 24 one-bedroom units on two adjacent parcels. Most units have been partially renovated with upgraded flooring, kitchen, and bath. Amenities include open parking, gated access, and on-site laundry.
$4,999,888
 

1216 W Balboa Boulevard, Newport Beach

14 Beds, 11 Baths, 5,382 SqFt
SEVEN UNIT BUILDING IN NEWPORT BEACH ON THE BALBOA PENINSULA. CLOSE TO THE BEACH AND THE BAY. RECENTLY UPGRADED. DOUBLE SIZED LOT. SELLER CURRENTLY HAS CITY OF NEWPORT BEACH SHORT TERM RENTAL LICENSES ON ALL UNITS. ON-SITE LAUNDRY. GREAT MIX OF UNITS WITH RENTAL $ UPSIDES. FOUR 2 BEDROOMS WITH 2 BATHS, THREE 2 BEDROOMS WITH 1 BATH. THIS IS A TROPHY LOCATION PROPRTY.
$4,995,000
 

626 Clubhouse Avenue, Newport Beach

4,400 SqFt
Act quickly to take advantage of this extraordinary waterfront opportunity in the heart of Newport Beach, where this ultra-rare four-plex offers a prime location across the harbor from the new upscale Lido Marina Village. Located at the end of a cul-de-sac, the rare double lot features a 50' boat slip and can be kept as an income-producing investment or completely redeveloped. The site can easily accommodate two single-family homes, without
New
$4,995,000
 

2838 Wards Terrace, Laguna Beach

1,850 SqFt
Three apartments located on the second row from Laguna's famous Victoria Beach! One unit in the rear is very private, and there are two additional units in front, one upstairs and one at street level. There are ocean views from the upstairs unit. This is an excellent opportunity to redevelop the property into a single family home, on a street with several ocean-front homes, or for continued use as income property. The two larger units in front
$4,950,000
 

314 Ogle Street, Costa Mesa

6,862 SqFt
Diamond in the rough - This Eastside Costa Mesa 10 unit apartment property includes (1) 2 bed 2 bath apartment and (9) 1 bed 1 bath apartment, a private outdoor patio for each apartment is rare. In addition, there are 10 carports and 8 open parking spaces. Also a laundry room and storage area for the tenants. 314 Ogle St borders the coveted neighborhood of Newport Beach, California and it is perfect for the residential real estate developer
$4,780,000
 

618 S Coast, Laguna Beach

4,005 SqFt
This is a trophy property walking distance to the beach and downtown "The Village" in Laguna Beach. Excellent unit mix of (3) 1+1s, (1) 2+2, and a commercial unit. The Two bedroom Unit & Commercial Unit have an Amazing Ocean View. There is tremendous upside potential by increasing the residential rents on the 1+1s. And when leases turn, have the tenants pay their own electric bill. The building is separately metered, however
$4,495,000
 

2202 W Oceanfront, Newport Beach

3,400 SqFt
Situated directly in front of Blackies surf break with views of the Newport Pier, crashing waves, and Catalina Island, this oceanfront quadruplex with garage parking for 4-cars presents a rare investment opportunity for stable, long-term income as well as short-term lodging income. Thoughtfully designed, the beautiful upper units, (1) 2BR/2BA and (1) 1BR/1BA, can be combined for a 3BR/2BA unit to accommodate larger groups and earn premium rates.
$4,450,000
 

401 N Bush Street, Anaheim

2 Beds, 1 Bath, 12.8k SqFt
Pleased to present the opportunity to acquire El Oasis Apartments on Bush Street, a 16-unit apartment complex located in Anaheim. Built in 1962, the property consists of two adjacent parcels consisting of 8 units each. Each parcel offers 2 bedroom units. In addition, the property offers 20 garage parking spaces, plenty of open parking and a nice a courtyard. The El Oasis Apartments on Bush Street offers an opportunity to purchase a
$4,299,900
 

2070 S Mountain View Avenue, Anaheim

13.2k SqFt
Fantastic opportunity to buy 16 units, Corner building. HIGHER INCOME with exterior renovation in July 2019. This 16 unit Multi- Family Property has a nice curb appeal with a strong current cap rate above 4.5% and over 5% on market. Built in 1962, The building has 13,200 rentable square feet spread across a lot size totaling 0.48 acres. This building offers (14)units 2 bedroom 1 bath, and (2) 1 bedroom 1 bath. Tenants have their own electric

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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