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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$1,200,000
 

16862 Coach Lane, Huntington Beach

2 Beds, 2 Baths,
Spectacular Opportunity! Live in one and rent out the other or rent out both. Very rare original construction design Townhouse with 2 entrances; 1 up and one down. Renovated in 2018. Each unit has it's own laundry and kitchen. Direct access 2 car garage and 1 parking permit. Upper unit has expansive private balcony deck over looking beautiful Meadowlark Golf course. Amazing mountain and sunrise views. 2 bedrooms, 1 full size bathroom with
Tracy Garra Tracy Garra, Broker
New
$1,599,000
 

135 Ridgeway Street, Anaheim

10 Beds, 8 Baths,
Looking for a delightful home or a quality investment in the incredible West Anaheim neighborhood? This excellent apartment building might check off all the boxes on your wish list! Four units come with the offer, all currently occupied and streaming quadruple revenue. You have the choice to live in one while leasing the others or to leave them all for rent as is. A gated front lawn sprawls before the main residence, featuring well-sized
Joshua Vigo-fas House Of Seven Gables Real Estate Inc.
New
$3,000,000
 

7851 Glencoe Drive, Huntington Beach

10 Beds, 6 Baths,
Welcome to 7851 Glencoe Drive where opportunity knocks! This 10-bedroom, 6-bathroom income property is your chance to own a remarkable investment property just moments away from the beach in the vibrant city of Huntington Beach, CA. With 3908 square feet of space, attached garages, and additional parking space available, this property is a rare find, offering an incredible opportunity for investors to add to their portfolio. Just minutes from
Blanca Akimoto Splash Real Estate
New
$12,995,000
 

1007 Balboa Boulevard, Newport Beach

1 Bed, 1 Bath,
A remarkable opportunity to own 10 Units on the Oceanfront of the Balboa Peninsula with 7 Irreplaceable STR's (SHORT TERM RENTAL PERMITS)! This is a dream deal w/ a monster cap rate and a whopping $640,000 NET income in 2023! Located almost perfectly right next to Balboa Pier, Balboa Fun Zone, Balboa Ferry, Market & Deli, Shopping, Restaurants, Arcades, and More. Each unit is remodeled and ready to be rented immediately. 4 of the Units are
George Hanold Times Real Estate CA
New
$4,400,000
 

1826 Pomona Avenue, Costa Mesa

18 Beds, 18 Baths,
Opportunity knocks in Costa Mesa, this investment property has 8 units all rented month to month with long term tenants. The location is quiet and private with plenty of parking. Managers quarters is a 2-bedroom 2 bath large walk-in closet and small office with its own private yard. Property has a very large courtyard and onsite laundry.
Bill Maddox Farrell Smyth Real Estate
New
$1,725,000
 

34402 Via San Juan, Dana Point

4 Beds, 4 Baths,
Stunning ocean view DUPLEX in the highly desirable community of Capistrano Beach. This is a perfect opportunity for investors, multi-generational families, or owner occupiers to experience the laid back lifestyle south Orange County has to offer. From the upper unit experience sweeping ocean views and an open outdoor space perfect for entertaining. The lower unit boasts an expansive private deck and large backyard. Both units feature 2
Joey Leisz CENTURY 21 Affiliated
New
$4,350,000
 

709 Gaviota Drive, Laguna Beach

3 Beds, 4 Baths,
Location, Location, Location...an age-old real estate adage that holds true to this day, whether it's a primary residence, second home or investment property. An extraordinary location will almost always come with higher property values, higher appreciation rates and a better quality of life. This 4-PLEX investment opportunity is in the IDEAL location. Primely positioned in the heart of Laguna Beach, on the ocean side of Coast Highway, one
Spencer Wall Pacific Sotheby’s International Realty
New
$2,375,000
 

7721 Ellis Avenue, Huntington Beach

9 Beds, 8 Baths,
Pat Rojas Re/Max Dynasty
New
$3,400,000
 

3300 Orange Avenue, Anaheim

6 Beds, 3 Baths,
Spectacular investment opportunity! This incredible 9 unit asset is situated on a large open lot in the heart of everything that’s great about Southern California! The asset is comprised of One, 3 bedroom x 2 bath – One, 2 bedroom x 1 bath & Seven, 1 bedroom x 1 bath units. Each unit has it’s own garage (9 in total) with 6 additional onsite parking spaces. Onsite laundry generates an additional $125 per month with room to improve. Asset is
Cameron Jacques Kinnery's Brokerage House
New
$1,600,000
 

619 Ventura Street, Anaheim

8 Beds, 8 Baths,
This beautiful multi-family asset is to be purchased together with the adjacent Building (625 N. Ventura) as part of an 8 unit acquisition. The asset is comprised of 8 large, 2 bedroom x 2 bathroom units. Both assets are separately metered for gas and electric, have onsite laundry and onsite garages (8 total) with additional guest parking, all located to the rear of the property. A large open common/grass area divides the buildings creating a
Cameron Jacques Kinnery's Brokerage House
New
$1,600,000
 

625 Ventura Street, Anaheim

8 Beds, 8 Baths,
This beautiful multi-family asset is to be purchased together with the adjacent Building (619 N. Ventura) as part of an 8 unit acquisition. The asset is comprised of 8 large, 2 bedroom x 2 bathroom units. Both assets are separately metered for gas and electric, have onsite laundry and onsite garages (8 total) with additional guest parking, all located to the rear of the property. A large open common/grass area divides the buildings creating a
Cameron Jacques Kinnery's Brokerage House
New
$5,450,000
 

2071 Mountain View Avenue, Anaheim

30 Beds, 32 Baths,
Amazing opportunity in Anaheim; bordering the Platinum Triangle. Off Orangewood Avenue and Mountain View Ave is a two story 16 apartments with a variety of 2 bedroom 1 bath, also of 1 bedroom 1 bath units. These apartments feature spacious living rooms with one full bathroom, gas ranges, newer windows and roof. Additionally, each tenant has their own individual aluminum garage door and open parking space (2 to 1 parking ratio). The structure has
Tatiana Veres Keller Williams Realty
New
$4,995,000
 

1531 Buena Vista, San Clemente

9 Beds, 9 Baths,
We are pleased to present the sale of 1531 Buena Vista, a stunning 5 unit multifamily property located in the City of San Clemente. The property has a favorable mix of units featuring (4) 2 bedroom / 2 bathroom units and (1) 1 bedroom / 1 bathroom unit. Each unit has been remodeled to today’s standards, boasting hard wood style flooring, recessed lighting, dual pane windows, white shaker cabinetry, quartz countertops, and stainless steel
Timothy Carr Pacific Sotheby's Int'l Realty
New
$999,000
 

2115 Camino Street # 1/2, Anaheim

6 Beds, 6 Baths,
Great investment opportunity in the heart of Anaheim just blocks to Disneyland. This single-story triplex offers 3 very spacious 2 bedrooms 2 bath units all attached with enclosed patios and garage parking. Units are part of a HOA has a swimming pool and club house and maintains the grounds and common areas. HOA covers water and trash for the 3 units. This property will be sold tenant occupied and in as-is condition.
Sarah Martin Real Broker
New
$2,375,000
 

7711 Ellis Ave, Huntington Beach

9 Beds, 8 Baths,
Clean well maintained 4 plex. Subject to 1031 tax deferred exchange at no expense to buyer. Successfully closing along with secondary 4 plex adjoins 7721 Ellis Ave. W/ Beach bl. single family area. Townhome type units. Water htrs, gas, electric. Laundry equipment owned by seller to be transferred to new buyers. All units have garage. Painting just completed
Pat Rojas Re/Max Dynasty
New
$2,350,000
 

933 Roberts Street, Anaheim

2 Beds, 2 Baths,
Pleased to offer 933 S. Roberts Street, an 8-unit investment opportunity in the city of Anaheim. Anaheim is home to one of the top rental markets in Orange County featuring almost 60% renters making it extremely desirable for investors. The offering at 933 S. Roberts Street has recently been renovated with new interiors & exterior. This opportunity features new exterior paint, landscaping and vinyl windows. Interiors offer new kitchens,
Doug Rodermund Morgan Skenderian
New
$4,495,000
 

430 Carnation Avenue, Corona del Mar

3 Beds, 4 Baths,
Featuring two coveted short-term rental permits, this beautifully remodeled, upgraded and fully furnished duplex is completely turnkey in Corona del Mar. Located close to Begonia Park and Newport Bay in the scenic Flower Streets neighborhood, the two-level property hosts a duo of nearly identical residences. Each hosts three bedrooms, three upgraded baths, large living rooms with white brick fireplaces, private courtyard-style side patios,
Tara Mcnabb Compass
New
$2,499,000
 

212 Orange Street, Newport Beach

5 Beds, 3 Baths,
**Newport Beach Duplex Opportunity!**Located in the highly sought-after "Newport Shores" community in Southern California, this duplex has been updated in recent years and offers exceptional value. Featuring two beautifully designed units, this property is an ideal investment. The first unit is a 3-bedroom, 2-bathroom space, while the second unit comprises 2 bedrooms and 1 bathroom. The property includes a 2-car garage, a carport,
Tim Beans Compass
New
$1,950,000
 

224 Avenida Cabrillo, San Clemente

1 Bed, 1 Bath,
Discover a unique investment opportunity in the heart of charming downtown San Clemente with this immaculate single-level triplex, which perfectly blends coastal charm and modern upgrades. Comprising three 1-bedroom, 1-bathroom beach cottages, this property offers a seamless blend of relaxation and convenience. Each unit boasts inviting front and rear patios, providing private outdoor spaces for tenants or owners to enjoy the refreshing sea
Dan Yeilding CENTURY 21 Affiliated
$1,659,000
 

8860 Tina Way, Anaheim

8 Beds, 4 Baths,
Discover a unique investment opportunity with this 4-plex located in a highly sought-after rental area, boasting long-term tenants and rare vacancies. Each unit features 2 bedrooms and 1 bathroom, with separate utility meters enhancing tenant convenience and management ease. This property presents a significant potential for increased cash flow by adjusting rents to current market values. Its prime location near major attractions like Knotts
Lily Nguyen Berkshire Hathaway HomeService
$1,639,000
 

34271 Via Lopez, Dana Point

3 Beds, 4 Baths,
Just minutes from the beach on the ocean side of I-5 in Capo Beach, this light, upgraded and versatile home is ready for move-in. Three bedrooms and four baths in nearly 2,600 square feet. The home features a JrADU (1 bed, 1 bath), and the main house (2 bed, 3 bath); it can be converted to an attached in-law suite or 4 bedroom home easily. The home is illuminated with natural light that fills a living and dining area with vaulted wood ceiling,
Doug Echelberger Inhabit Real Estate
$1,100,000
 

1724 Spurgeon Street, Santa Ana

6 Beds, 3 Baths,
1724 North Spurgeon Street is a 5-unit multifamily investment property located in Santa Ana, California. The property has a market CAP rate of 7.43% and a market GIM of 14.52 on market rents. The property offers a diverse mix of 3, one-bedroom, 1, two-bedroom, and 1, three-bedroom units with security doors, shared yards, and security doors. 1724 North Spurgeon Street is situated in an optimal Santa Ana location, just north of Historic French
Tyler Leeson Marcus & Millichap RE Invest
$1,999,000
 

999 Valencia Street, Costa Mesa

6 Beds, 7 Baths,
Welcome to 999 Valencia Street, a four-unit apartment community, built in 1964. It is comprised of a fantastic unit mix of (1) 3- Bedroom/2.5-Bathroom Townhouse unit, (1) 2-Bedroom/1.5-Bathroom Townhouse unit, (1) 1-Bedroom/1-Bathroom unit, and (1) Studio unit. All units have been completely renovated over the last four years with tenants paying near-market rents. Tenants have access to a lush community courtyard and (6) single-car garages.
Nick Gould Gould Group Inc
$1,850,000
 

778 Shalimar Drive, Costa Mesa

2 Beds, 1 Bath,
Less than two miles to the ocean, 4 plex directly facing a city park. All long term tenants in 100% 2 bed layouts. Street was closed off to through traffic and is in an opportunity zone. Bread and butter units always full. Walking distance to everything.
Matthew Hoyt Hoyt Real Estate, Inc.

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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