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Distressed Properties In Orange County
Discover the benefits, learn about potential challenges, and explore investment opportunities in the foreclosure, pre-foreclosure, and short-sales market.
An Investor's Guide to Distressed Homes in Orange County, California
In the sun-kissed landscape of Orange County, California, opportunities to invest in real estate abound. Ron Evans Realty, a leading brokerage in the region, provides expert guidance to prospective investors keen on exploring the distressed homes market - foreclosures, pre-foreclosures, and short-sales. This segment of the market can provide excellent return on investment, but it's not without its challenges. We're here to illuminate the path for you.
Understanding Distressed Homes
First, it's important to understand what distressed homes are. These are properties that the homeowners can no longer afford, usually because of a defaulted mortgage. The most common distressed properties are foreclosures, pre-foreclosures, and short-sales.
Foreclosures occur when homeowners fail to make their mortgage payments, leading the bank to repossess the home. Pre-foreclosures are properties for which a foreclosure notice has been issued but the foreclosure sale has not yet taken place. Short-sales are when the homeowners sell their property for less than the outstanding mortgage, with the lender's approval, to avoid foreclosure.
The Advantages of Distressed Homes
The distressed homes market presents several enticing opportunities for investors. Such properties typically sell below market value, offering instant equity and potential for sizable profits if renovated and resold or rented out.
For those willing to navigate this complex landscape, neighborhoods like Santa Ana, Anaheim, and Garden Grove in Orange County regularly see distressed properties coming to market. Ron Evans Realty is well-acquainted with these areas, making us an excellent partner in your investment journey.
What To Look Out For
However, it's not all smooth sailing. Investment in distressed properties comes with its share of potential pitfalls. Being aware of these challenges can help you make an informed decision.
Hidden Costs: Distressed properties often come with additional expenses, such as unpaid taxes, liens, or homeowners association dues, that the new owner must pay. Also, the cost of any necessary renovations can add up quickly.
Maintenance: Most distressed properties require extensive repairs and maintenance. It's crucial to get a thorough property inspection to understand the scope of work required.
Competition: Despite the potential challenges, distressed properties are in high demand, meaning competition can be fierce. You'll need to be prepared to move quickly when a good opportunity arises.
Complex Process: Buying a distressed property is often more complex than a traditional real estate transaction. It involves more paperwork, longer waiting times, and negotiations with lenders.
Ron Evans Realty: Your Partner in Distressed Homes Investment
At Ron Evans Realty, we are experts in the Orange County distressed homes market. Our deep understanding of the processes and pitfalls associated with distressed property investment, coupled with our comprehensive knowledge of Orange County neighborhoods, positions us perfectly to guide you through this venture.
We are firm believers that success in this market requires preparation, patience, and professional guidance. It's not for everyone, but for those willing to brave the challenges, distressed properties in Orange County offer a lucrative investment opportunity. It's about digging a little deeper, seeing the potential beyond the present, and making strategic moves that can significantly bolster your investment portfolio.
Whether you're an experienced investor or just starting out, we can provide the expertise and guidance you need. Let Ron Evans Realty help you unlock the true potential of distressed homes in Orange County.
Distressed Properties In Orange County
Distressed Properties In Orange County
Search all HUD Owned, Bankruptcy, Short-Sale, Bank Owned properties below. Use the sliders to adjust your search criteria.
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13401 Goldenwest Street in Westminster: Residential for sale (59 - Westminster North of 405 & Westminster) : MLS®# NP24067416
13401 Goldenwest Street Westminster 92683 
$950,000Residential- Status:
- Active
- MLS® Num:
- NP24067416
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 1,177 sq. ft.
Welcome to your home in the heart of Westminster, California! This home offers a primary bedroom with french doors opening to a larger room. There are three other bedrooms with plenty of space. In addition, there is a large bonus room that could be a second living space, large TV room or even more bedrooms. This area is not included in the square footage. There is also a covered enclosed patio off the kitchen for more storage or room for a home office. The updates include newer laminate wood flooring in the bedrooms, new exterior paint, a resurfaced driveway and a new water heater. There is a large backyard with plenty of room for outdoor entertaining and a side yard with more outdoor space. The location is ideal close to freeways, movie theaters, Home Depot, grocery stores, restaurants and the new Westminster Mall Re-development. Don't miss out on this fantastic opportunity to own a four bedroom home in Orange County at a great price. Schedule your viewing today and make this house your new home! More detailsListed by Pacific Sotheby's Int'l Realty- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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190 Cecil Place in Costa Mesa: Residential for sale (C5 - East Costa Mesa) : MLS®# NP24075393
190 Cecil Place Costa Mesa 92627
$1,299,000Residential- Status:
- Active
- MLS® Num:
- NP24075393
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 2,104 sq. ft.
190 Cecil Place presents a fantastic opportunity to own a spacious single-family residence in Eastside Costa Mesa! Upon arrival you are greeted with a red brick lined walkway and charming white picket fence leading you to the entry. Step inside to the first floor featuring an open floorplan kitchen and dining area, half bathroom, formal living room with a fireplace, custom window treatments, and recessed lighting. Elegant custom Travertine tiles line the floors and compliment the kitchen’s cherry wood cabinets. Make way to the second floor which hosts 3 bedrooms, 2 bathrooms, and a versatile office/den that could be converted to an additional bedroom. The primary bedroom is complete with a fireplace, custom built-in cabinets, large walk-in closet and en-suite bathroom with a dual-vanity sink, bathtub and skylight. Additional amenities include an upstairs laundry room with Whirlpool washer/dryer, dual pane windows and slider, forced HVAC and a 2-car garage. This home is wonderfully located in close proximity to award winning schools, 55 freeway, Back Bay, beaches, and all the retail that 17th St has to offer! More detailsListed by Pacific Sotheby's Int'l Realty- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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24055 Paseo Del Lago Unit 357 in Laguna Woods: Residential for sale (LW - Laguna Woods) : MLS®# OC24069049
24055 Paseo Del Lago Unit 357 Laguna Woods 92637
$20,000Residential- Status:
- Active
- MLS® Num:
- OC24069049
- Bathrooms:
- 1
- Floor Area:
- 500 sq. ft.
This condo is located in the popular SENIOR community of Laguna Woods. Have you been thinking about a simpler life? Check out this studio at the Towers in prestigious Laguna Woods. Laguna Woods is the premier community for those age 55+. There is wood look flooring and a wall of sliding doors and windows. This studio has an added wall of mirrors to offer a private sleeping area. The kitchen includes a 2 burner cook top and fridge. There is a WALK IN CLOSET that offers plenty of room for your clothes and has built in linen shelves. The bathroom has a shower/tub combo. Located in Laguna Woods, a SENIOR age 55 and over community, the Towers monthly fee includes a $500 dining dollars per month to use in the dining rooms that offer breakfast, lunch and dinner; housekeeping every other week, electricity, trash, water, basic cable, gym and on site activities. Living in Laguna Woods means access to bus system around the community, to area shopping, restaurants, medical facilities; 5 pools & 4 hot tubs; 27-hole golf course, tennis, library, state-of-the art crafts facility, 7 clubhouses, 200+ clubs, 3 fitness centers, theater, horseback riding/stables, garden centers, basketball, billiards, bocce ball, Emeritus classes & more! One occupant must be at least 55 years old. More detailsListed by CENTURY 21 Affiliated- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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2290 Evans Street in Fullerton: Residential for sale (83 - Fullerton) : MLS®# OC24069965
2290 Evans Street Fullerton 92833
$1,499,000Residential- Status:
- Active
- MLS® Num:
- OC24069965
- Bedrooms:
- 5
- Bathrooms:
- 5
- Floor Area:
- 3,229 sq. ft.
Welcome to your new home at 2290 Evans Street, a prime corner property in the vibrant Amerige Heights community, directly facing the park. This sought-after neighborhood offers high-speed internet, tennis courts, and parks with playgrounds. This home is close to top-rated schools, including Montessori & Education Center, Robert C Fisler Elementary and Jr. High, and Sunny Hills High School. Living here means being close to the Town Center, your go-to for shopping, a gym, and dining options. Amerige Heights is not just a place to live—it's a lifestyle for those who value education, recreation, and convenience. Discover a community that supports your way of life, all within reach. More detailsListed by eXp Realty of California Inc- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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76 Paseo Del Sol Unit 134 in Rancho Santa Margarita: Residential for sale (R1 - Rancho Santa Margarita North) : MLS®# PW24059552
76 Paseo Del Sol Unit 134 Rancho Santa Margarita 92688
$649,900Residential- Status:
- Active
- MLS® Num:
- PW24059552
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 1,110 sq. ft.
Welcome to 76 Paseo Del Sol, a standout two-bedroom, two-bathroom condominium (per assessor) second bedroom has been turned into loft. Located in the esteemed enclave of Melinda Heights in Rancho Santa Margarita. Spanning 1,110 square feet (Per Assessor), this exquisite property features breathtaking ceilings soaring over 20 feet high, offering an open and expansive atmosphere that's truly unparalleled in condominium living. This home is designed with an exceptional sense of privacy, boasting no one above or below. It includes a direct access 1-car garage and comes equipped with PEX plumbing throughout, brand new flooring (Luxury Vinyl Plank, History Oak Anise) on the second floor and the bedroom/ loft , demonstrating modern conveniences and refined craftsmanship. This condo is priced to sell, presenting an excellent opportunity for those willing to add their personal touch to unlock its full potential. As part of a probate sale, the residence offers a luxurious master suite with newer countertops, elegant travertine shower tiles, and a spacious walk-in closet. The living area is generously lit with natural light, streaming in through large windows beneath the high ceilings, creating a perfect setting for relaxation and entertainment. The upstairs secondary loft, with a view overlooking the living room, includes a private bath, closet, and offers a beautiful view. This open layout contributes to the home’s airy and welcoming feel, making it perfect for guests or as an office space. Residents of the Cabo Vista community have exclusive access to a private pool and spa, along with ample guest parking. Furthermore, ownership at 76 Paseo Del Sol provides access to a wide array of Rancho Santa Margarita amenities, including community pools, tennis courts, and the beach club, all without Mello Roos taxes. This condo is ideally suited for discerning individuals or professionals working from home who desire a luxurious living space that combines comfort with elegance, especially for those ready to provide a bit of extra care to make it truly outstanding. Seize the opportunity to own at 76 Paseo Del Sol – a property offering unmatched potential and sophistication in a prime location. Don't miss this chance to enjoy the best of Rancho Santa Margarita living. As part of a probate sale, Court approval is required for a successful sale. Information deemed reliable and not guaranteed, buyer to verify. More detailsListed by Bonaventure Realtors- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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8016 E Hampshire Road in Orange: Residential for sale (75 - Orange, Orange Park Acres E of 55) : MLS®# CV24046979
8016 E Hampshire Road Orange 92867
$1,499,900Residential- Status:
- Active Under Contract
- MLS® Num:
- CV24046979
- Bedrooms:
- 5
- Bathrooms:
- 3
- Floor Area:
- 2,871 sq. ft.
Great Area of Serrano Heights. Spacious 5 bed and 3 full bath home. 1 bed and full bath downstairs. More detailsListed by RE/MAX CHAMPIONS- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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22803 W Seaway Drive in Laguna Niguel: Residential for sale (LNSMT - Summit) : MLS®# 24362463
22803 W Seaway Drive Laguna Niguel 92677
$7,790,000Residential- Status:
- Active
- MLS® Num:
- 24362463
- Bedrooms:
- 6
- Bathrooms:
- 6
- Floor Area:
- 7,000 sq. ft.
This 2019 Philharmonic House of Design featured estate is truly an extraordinary property, expansive and grand, with unobstructed ocean and coastline views. A Hamptons-style master-peice of 7,200 s. ft., located in the 24-hour guard gated coastal community of Monarch Point, on a premium cul-de-sac location and perched high atop the bluff of Laguna Niguel Mountain, offering panoramic vistas of Three Arch Bay's whitecaps and Catalina Island. Situated on 31,000 square feet of lush grounds, with patios, a gazebo, in-ground pebble-tech pool and spa, waterfalls and streams, plus a detached guest house, that combine to create a relaxing resort-like atmosphere. Estates at this level of grandeur are extremely rare to come on the market in coastal south Orange County. More detailsListed by Rodeo Realty- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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2037 Via Mariposa East Unit C in Laguna Woods: Residential for sale (LW - Laguna Woods) : MLS®# SR24036399
2037 Via Mariposa East Unit C Laguna Woods 92637
$409,000Residential- Status:
- Active
- MLS® Num:
- SR24036399
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 1,325 sq. ft.
Two Bedroom + Two Bathrooms in Laguna Woods. Approximately 1325sq.ft. of living space with recently updated flooring and paint. Open living room with kitchen and dining area. Brick patio with views of neighborhood and greenbelts. Community boasts amenities such as golf, swimming, tennis, and clubhouse. Gated community. More detailsListed by Incline Realty- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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18462 VILLA Drive in Villa Park: Residential for sale (73 - Villa Park) : MLS®# OC24007297
18462 VILLA Drive Villa Park 92861
$3,420,000Residential- Status:
- Active
- MLS® Num:
- OC24007297
- Bedrooms:
- 5
- Bathrooms:
- 5
- Floor Area:
- 6,691 sq. ft.
DO NOT WAIT UNTIL LAST MINUTE TO SUBMIT BIDS - BUYER MUST HAVE COMPLETED ALL INSPECTIONS AND APPRAISAL TO REMOVE ALL CONTINGENCIES AND SUBMIT A CASHIERS CHECK DEPOSIT TO OUR OFFICE BY APRIL 26th*** BANKRUPTCY COURT SALE - EQUITY SALE (NOT AN REO, NOT BANK OWNED, AND NOT A SHORT SALE) ***LUXURIOUS ESTATE LOCATED IN THE HILLS OF VILLA PARK. PROPERTY INCLUDES PRIVATE EXTENSIVE ADDITIONAL GARAGE FOR 5 PLUS VEHICLES AND ADDITIONAL GUEST ROOMS ACROSS DRIVE-WAY FROM MAIN HOUSE. THE MAIN HOUSE IS MULTI-LEVEL WITH PRIVATE POOL, SPA, AND GYM. EXTENSIVE HOME FOR THE REFINED OR A MULTI-FAMILY HOME FOR GUEST AND LOVED ONES. More detailsListed by Berkshire Hathaway HomeService- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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2516 Temple Hills Drive in Laguna Beach: Residential for sale (LV - Laguna Village) : MLS®# NP24022208
2516 Temple Hills Drive Laguna Beach 92651 OPEN HOUSE: Apr 28, 202412:00 PM - 03:00 PM PDTOpen House on Sunday, April 28, 2024 12:00PM - 3:00PM
$7,998,000Residential- Status:
- Active
- MLS® Num:
- NP24022208
- Bedrooms:
- 5
- Bathrooms:
- 6
- Floor Area:
- 5,514 sq. ft.
This luxurious gated estate, in the heart of Laguna Beach, is an unparalleled coastal sanctuary. The sprawling estate unveils itself with breathtaking ocean panoramas on 3 tranquil acres, complete with vast landscaping. Its mid-LB Temple Hills location offers convenient access to nearby tennis courts and phenomenal hiking trails, all while maintaining the serenity of a secluded and gated location, yet still offering convenient access to Laguna Beach's finest dining only moments away. Designed by renowned architect Mark Singer, this luxurious 5,514 square foot Santa Barbara-Tuscan Mediterranean masterpiece embodies meticulous craftsmanship and unmatched quality. The elegant interiors seamlessly blend high-end materials, like custom travertine and slate, exposed maple beams that grace the ceilings, and fireplaces adorned with classic plaster mantles. A Haven for Relaxation and Entertainment, this grand estate boasts 8 meticulously appointed rooms, 5 spacious bedrooms and 5 ½ baths, each offering a haven of tranquility. The grand primary suite is a private oasis with ultimate comfort and convenience and features an ocean-facing jetted bathtub, gym, and a relaxing steam sauna. Gather for laughter and entertainment in the expansive recreation room or the charming library, with its wood-paneled office. Host memorable gatherings with the benefits of dedicated guest quarters. A true highlight is the exquisite 900-bottle wine cellar, perfect for connoisseurs and entertainers alike. The seamless floor plan effortlessly connects the expansive living areas to multiple decks and five balconies, each boasting uninterrupted ocean views. This intuitive design fosters an immersive coastal experience, perfect for indoor-outdoor living and grand scale entertaining with a sound system beaming throughout the house. The lower level offers a versatile flex space ideal as a second living room, playroom, plus a home office. Indulge in quiet moments in the charming library, or retreat to the secondary bedrooms, each offering a peaceful sanctuary. You also never have to worry about internet access, as there is ethernet wiring in every room. A spacious laundry room, with a second fridge, offers added convenience. This is more than just an estate; it's a lifestyle redefined. Welcome home! Come visit and experience the ultimate in coastal living amidst unparalleled luxury and breathtaking ocean vistas that only this Laguna Beach Estate can offer. More detailsListed by Property Group International- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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971 S Idaho Street Unit 14 in La Habra: Residential for sale (87 - La Habra) : MLS®# 24351705
971 S Idaho Street Unit 14 La Habra 90631
$475,000Residential- Status:
- Active Under Contract
- MLS® Num:
- 24351705
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 931 sq. ft.
Beautiful 2-Bedroom Condo in Woodlake Villas Community of La Habra! This 2nd story corner unit features a modern open-concept layout & laminate flooring throughout. Living room. Dining area w/ ceiling fan & adjacent open-air balcony for al-fresco dining. Kitchen w/ quartz countertops. Spacious bedrooms w/ upgraded bathrooms. Central AC + heat. Private 2 car garaged parking. Community amenities include laundry facilities, pool, spa, & BBQ area. Just minutes to all area schools & the best shopping, dining, & entertainment the area has to offer. Turnkey! More detailsListed by Revilo Realty, Inc.- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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6125 Salem Road Unit 265 in Yorba Linda: Residential for sale (699 - Not Defined) : MLS®# OC23203395
6125 Salem Road Unit 265 Yorba Linda 92887
$550,000Residential- Status:
- Active Under Contract
- MLS® Num:
- OC23203395
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,136 sq. ft.
FULLY REMODELED CONDO! Granite kitchen countertops, laminate wood flooring throughout! Beautifully done. Stainless steel dishwasher and stove with overhead built-in microwave . Recessed lighting throughout the home. Dual paned energy efficient windows and dual paned, easy glide patio door. Both bathrooms are fully remolded with new quartz countertops, new toilet and shower with custom shower door in the master bedroom bathroom. 2 car detached garage. This is a must see to appreciate the remolded job on this home. Back on the market. More detailsListed by Allison James Estates & Homes- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
Data was last updated April 28, 2024 at 10:40 AM (UTC)
Based on information from California Regional Multiple Listing Service, Inc. as of April 28, 2024 at 10:40 AM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
9 Camellia
Rancho Santa Margarita, CA 92688