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.

  1. 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.

  2. 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.

  3. 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.

  4. 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.
Forgot password Extend Verify Contact
1-12/21
  • 12061 Arroyo Avenue in Santa Ana: Residential for sale (NTS - North Tustin) : MLS®# PW24122581

    12061 Arroyo Avenue Santa Ana 92705
    Main Photo: 12061 Arroyo Avenue in Santa Ana: Residential for sale (NTS - North Tustin)  : MLS®# PW24122581
    $2,195,000
    Residential
    Status:
    Active
    MLS® Num:
    PW24122581
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    3,594 sq. ft.
    Located on a Premier Flat Lot in the Heart of North Tustin, 12061 Arroyo Avenue Is a Single-Story Dream Home Built by John Lyttle. This Home Features Five Bedrooms, Three and a Half Bathrooms, and Two Large Office Spaces, Making It the Perfect Floorplan for Multigenerational Living. The In-Law Suite Includes Its Own Bathroom and Private Family Room with a Vaulted Wood-Beamed Ceiling, Fireplace, and Backyard Access. The Home Enjoys an Abundance of Natural Light from Large Dual-Pane Picture Windows. It Also Features Plantation Shutters, Vaulted Ceilings, Luxury Vinyl Plank Floors, Recessed Lighting, a LifeSource Whole-House Water Filtration System, and a Newer Water Heater. The Main Family Room Showcases a Vaulted Ceiling, a Cozy Fireplace, and Backyard Access. The Remodeled Kitchen Boasts Quartz Countertops, a Farmhouse Sink, a Tile Backsplash, a Large Island with Breakfast Bar Seating, High-End Café Appliances, a Six-Burner Gas Stove with a Wall Pot Filler, Three Ovens, an Ice Maker, a Mini Beverage Fridge, Wine Storage, Pull-Out Drawers, and Soft-Close Cabinets. It Opens to the Dining Area with a Vaulted Ceiling. Two Large Offices, Located Behind the Garage, Enjoy AC and Backyard Access. The Spacious Master Suite Includes Backyard Access, Two Closets, and an En-Suite Bathroom with Dual Vanities and a Walk-In Shower. The Private Backyard Features a Pergola-Covered Patio, Pavers, Turf, a Built-In BBQ, and Multiple Seating Areas. Additional Amenities Include an Indoor Laundry Room with Built-In Cabinets, a Sink, and Direct Access to the Three-Car Garage. There Are No HOA Fees or Mello-Roos. The Home Is Zoned for the Highly Sought-After Award-Winning Tustin Schools: Red Hill Elementary, Hewes Middle, and Foothill High. It Also Offers Easy Access to the 241/261 Toll Roads, 5/55/22 Freeways, and the Tustin/Irvine Marketplace. 12061 Arroyo Avenue Won't Last Long! More details
    Listed by Katnik Brothers R.E. Services
    Ron Evans
  • 5116 Los Altos Drive in Yorba Linda: Residential for sale (85 - Yorba Linda) : MLS®# SB23201923

    5116 Los Altos Drive Yorba Linda 92886
    Main Photo: 5116 Los Altos Drive in Yorba Linda: Residential for sale (85 - Yorba Linda)  : MLS®# SB23201923
    $1,200,000
    Residential
    Status:
    Active
    MLS® Num:
    SB23201923
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    3,126 sq. ft.
    REO. This property has already gone back to the lender and it must be sold. A sprawling Ranch home on a huge 41,000 sqft lot zoned for horses, at the top of the hills in beautiful Yorba Linda. The house is dated and a major renovation project or teardown and is being sold as such. Privacy abounds! Located at the end of a private street culdesac in one of the best pockets of Yorba Linda. Large lot with approx. 18,000 sqft pad at house level, then a downslope to the horse facilities on the lower level with direct access to the equestrian trail. Walls of windows and French doors open to a large hardscaped pool deck area with a huge pergola and offers panoramic views of city lights, surrounding hills and the mountains beyond. Separate large yard / corral areas can be repurposed into gardens, a dog run, maybe even an ADU (to be verified with city). RV parking plus a long driveway that will hold many cars. Breakfast area off the kitchen, and open floorplan with large dining, family, and living rooms off the kitchen. Double-sided fireplace between living and dining rooms. Large primary suite with fireplace, walk-in closet, separate water closet with toilet and bidet, separate tub and shower, and double vanity. More details
    Listed by PV Realty
    Ron Evans
  • 2419 W Greenbrier Avenue in Anaheim: Residential for sale (79 - Anaheim West of Harbor) : MLS®# PW24124781

    2419 W Greenbrier Avenue Anaheim 92801
    OPEN HOUSE: Jun 23, 2024
    11:00 AM - 03:00 PM PDT
    Open House on Sunday, June 23, 2024 11:00AM - 3:00PM
    Main Photo: 2419 W Greenbrier Avenue in Anaheim: Residential for sale (79 - Anaheim West of Harbor)  : MLS®# PW24124781
    $798,900
    Residential
    Status:
    Active
    MLS® Num:
    PW24124781
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,276 sq. ft.
    Get Ready to roll up your sleeves and make your mark on this incredible 4 Bedroom 2 bath home in the city of Anaheim. Location, Location, Location! The house is in prime location and conveniently located close to schools, shopping, and freeways. Don't miss the opportunity to transform this house into your dream gem! Home qualifies for City National Ladder up Home Loan GRANT $20,000. More details
    Listed by SellorBuy Inc.
    Ron Evans
  • 20 First Street in Ladera Ranch: Residential for sale (LD - Ladera Ranch) : MLS®# OC24125429

    20 First Street Ladera Ranch 92694
    Main Photo: 20 First Street in Ladera Ranch: Residential for sale (LD - Ladera Ranch)  : MLS®# OC24125429
    $1,199,000
    Residential
    Status:
    Active
    MLS® Num:
    OC24125429
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    2,003 sq. ft.
    Discover this wonderful two-story, 3-bedroom 3-bath home, perfectly designed to accommodate a growing family in a highly sought-after, family-friendly neighborhood. The main level boasts an open floor plan, seamlessly connecting the kitchen to the family room, where abundant natural light creates a bright and inviting atmosphere. The spacious primary suite features a retreat, large tub, shower, and walk-in closet. Ideally located, this home offers convenient access to community amenities including a pool, parks, and shopping. This is the perfect place to call home. More details
    Listed by Quantus Realty Solutions
    Ron Evans
  • 6543 E Kings Crown Road in Orange: Residential for sale (75 - Orange, Orange Park Acres E of 55) : MLS®# PW24117598

    6543 E Kings Crown Road Orange 92869
    Main Photo: 6543 E Kings Crown Road in Orange: Residential for sale (75 - Orange, Orange Park Acres E of 55)  : MLS®# PW24117598
    $1,199,000
    Residential
    Status:
    Active Under Contract
    MLS® Num:
    PW24117598
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    2,584 sq. ft.
    Opportunity Awaits in Prestigious Guard-Gated Community. Unlock the potential of this hidden gem nestled within the prestigious Rocking Horse Ridge Estate Homes community guard-gated enclave. This fixer-upper presents a rare chance to create your dream home in one of Orange's most coveted neighborhoods, combining the allure of upscale living with endless possibilities for customization and enhancement. Spanning 2,584 square feet of living space, this residence offers a blank canvas for your vision and creativity. Step inside to discover a spacious layout primed for renovation, featuring 4 bedrooms and 2.5 bathrooms awaiting transformation into luxurious retreats tailored to your lifestyle. The heart of the home awaits your personal touch, with an expansive living area ready to be reimagined into a stylish entertaining space or cozy family haven. The adjacent kitchen presents a canvas for culinary innovation, offering the opportunity to design a gourmet culinary hub equipped with modern conveniences and premium finishes. Beyond the interiors, the property's outdoor spaces beckon for revitalization, providing a serene backdrop for al fresco dining, relaxation, and recreation. Step out into the expansive backyard and be captivated by the breathtaking view of the canyon, offering a picturesque backdrop that enhances the beauty and tranquility of your new home. Enjoy the peace of mind and exclusivity of life within Rocking Horse Estate Homes, where residents benefit from round-the-clock security, pristine landscaping, and resort-style amenities including a pool, spa, tennis courts, pickleball courts, picnic area, lookout view areas, and clubhouse. Indulge in the ultimate lifestyle of luxury, privacy, and convenience, with easy access to parks, Peters Canyon hiking trails and shopping. Don't miss this rare opportunity to unlock the full potential of a fixer-upper in one of Orange's most esteemed communities. Seize the chance to create the home of your dreams! More details
    Listed by Realty Pro 100
    Ron Evans
  • 4158 Costero Risco in San Clemente: Residential for sale (FR - Forster Ranch) : MLS®# OC24118332

    4158 Costero Risco San Clemente 92673
    Main Photo: 4158 Costero Risco in San Clemente: Residential for sale (FR - Forster Ranch)  : MLS®# OC24118332
    $2,399,000
    Residential
    Status:
    Active
    MLS® Num:
    OC24118332
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    4,303 sq. ft.
    Located in the prestigious Cantomar tract within the highly sought-after Forester Highlands neighborhood, this exceptional private home boasts ocean views and offers a luxurious living experience. With 4300 square feet of living space, this open and spacious residence includes 4 bedrooms plus an office/den that could be a 5th bedroom and 3.5 baths. The home features a downstairs master bedroom with a large walk-in closet, providing convenience and privacy. The expansive gourmet kitchen is a chef's delight, equipped with an island, granite countertops, and stainless steel appliances. It seamlessly opens to a cozy family room, where you can relax by the fireplace or enjoy the built-in entertainment center. For added ambiance, surround sound is available both inside and out. Architectural highlights include a wrought iron staircase and balcony. The backyard is perfect for entertaining, featuring a pool, spa, built-in BBQ area, and an enclosed dog run. This home truly combines elegance and comfort in an enviable location. More details
    Listed by Quantus Realty Solutions
    Ron Evans
  • 18611 Mesa Drive in Villa Park: Residential for sale (73 - Villa Park) : MLS®# OC24115572

    18611 Mesa Drive Villa Park 92861
    Main Photo: 18611 Mesa Drive in Villa Park: Residential for sale (73 - Villa Park)  : MLS®# OC24115572
    $2,988,000
    Residential
    Status:
    Active
    MLS® Num:
    OC24115572
    Bedrooms:
    5
    Bathrooms:
    6
    Floor Area:
    6,196 sq. ft.
    Situated on over one-half acre, this beautiful traditional east coast inspired home has commanding views of Newport and Catalina Island on a clear day, and is nestled on a hillside on one of the most prestigious streets in Villa Park. Custom designed and built in 1988 by the current owner, this is the first time this incredible property has ever been offered for sale. With its distinctive architecture, this home is remarkably spacious, with soaring ceilings, an abundance of natural light and plenty of room for entertaining family and friends. An impressive formal entry opens to a sweeping stairway, 2-story ceilings and opens to the formal living room and formal dining room. Hardwood floors and new carpet throughout along with new paint, and some new windows and French doors. The great room is the center of activity with its huge windows, 2 story ceiling, brick fireplace and French doors leading to the beautiful yard, patio and newly remodeled pool and spa. The kitchen has an informal eating area, new Subzero refrigerator/freezer, solid oak cabinetry and beautiful herringbone brick flooring. A main floor ensuite bedroom is convenient for guests. Also on the main level is a home office with built-ins, 2 half baths, and an oversized laundry room with custom cabinetry. Located on the second level is the fabulous owners’ suite with forever city light and Catalina views featuring a large walk in closet and romantic fireplace with huge primary suite bath, complete with large soaking tub and windows with forever views. Also located upstairs is another ensuite with walk in closet, as well as two additional bedrooms that share a large balcony and shared bathroom. A second staircase at back of house leads to laundry, powder room and back porch and access to 4-car garage. Whether relaxing under the shade of the patio, or enjoying conversation around the patio, or gardening in the back yard, this stunning home has much to offer. Featuring top-rated schools and a sense of small town community, along with it's close proximity to major cities, Villa Park is the perfect balance of peacefulness and accessibility. Will you be the lucky one to call this one home? More details
    Listed by Seven Gables Real Estate
    Ron Evans
  • 1777 Mitchell Avenue Unit 51 in Tustin: Residential for sale (71 - Tustin) : MLS®# IG24112783

    1777 Mitchell Avenue Unit 51 Tustin 92780
    Main Photo: 1777 Mitchell Avenue Unit 51 in Tustin: Residential for sale (71 - Tustin)  : MLS®# IG24112783
    $690,000
    Residential
    Status:
    Active
    MLS® Num:
    IG24112783
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,208 sq. ft.
    Your chance to benefit from creative financing options, including subto financing with a low interest rate! Discover your next investment gem in the heart of Tustin. This well-maintained property features 3 spacious bedrooms, 2 modern bathrooms, an open floor plan, and a private yard. The attached garage provides secure parking and extra storage. Located in a prime area, this home is close to hospitals, top schools, parks, shopping centers, and dining options. Easy freeway access enhances its appeal. Call us today to schedule a showing! More details
    Listed by Fathom Realty Group, Inc.
    Ron Evans
  • 1506 S Gilbert Street in Fullerton: Residential for sale (699 - Not Defined) : MLS®# MB24113242

    1506 S Gilbert Street Fullerton 92833
    Main Photo: 1506 S Gilbert Street in Fullerton: Residential for sale (699 - Not Defined)  : MLS®# MB24113242
    $849,900
    Residential
    Status:
    Active
    MLS® Num:
    MB24113242
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,344 sq. ft.
    Welcome to your charming home in Fullerton! This one-story residence boasts 3 bedrooms and 2 bathrooms, offering comfort and style at every turn. Step inside to discover wood flooring throughout, creating a warm and inviting atmosphere. The heart of the home is adorned with a cute fireplace nestled in the living room, perfect for cozy gatherings and relaxation. Retreat to the primary bedroom featuring a large closet, providing a master bathroom. Indulge your culinary desires in the upgraded kitchen, where modern touches and functionality blend seamlessly and flow into the dining area and living room. Whether it's morning coffee or gourmet dinners, this kitchen is sure to inspire your inner chef. With its convenient one-story layout with an upgraded bonus room that enters the patio and backyard, this Fullerton gem promises a lifestyle of comfort and convenience. Nearby shopping, restaurants, schools, parks and easy access to the 91, 57 and 5 freeways, No HOA! Don't miss the opportunity to make this delightful abode your own! More details
    Listed by EXCELLENCE RE REAL ESTATE
    Ron Evans
  • 12664 Chapman Avenue Unit 1306 in Garden Grove: Residential for sale (62 - Garden Grove N of Chapman, W of Euclid) : MLS®# PW24102114

    12664 Chapman Avenue Unit 1306 Garden Grove 92840
    Main Photo: 12664 Chapman Avenue Unit 1306 in Garden Grove: Residential for sale (62 - Garden Grove N of Chapman, W of Euclid)  : MLS®# PW24102114
    $650,000
    Residential
    Status:
    Active
    MLS® Num:
    PW24102114
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,343 sq. ft.
    Welcome to 12664 Chapman Ave., Unit 1306 in Garden Grove. This Potentially Stunning well-constructed DR Horton built 3 bedroom, 2 bath condominium at the Chapman Commons features the best locale and largest open floor-pan in building with iconic views of Disneyland fireworks, Angels Stadium and forever blue sky views. Simply the best prime real estate location between Long Beach and Irvine adjacent areas. Some of the desireable features include an open kitchen with center top island, granite counter tops, matching granite in the kitchen and bathrooms and dining ideal for entertaining, walk-in closets, spa-like master bath, interior laundry room and central air and heating. Enjoy Views from every bedroom and a pair of terraces—one off the dining room and the other off the Main Bedroom. Enjoy stress-free living: Nearly full service HOA amenities included: fitness center, gated community, resident-only pool, clubhouse--with special privileges to same to host parties, gatherings etc., dog friendly community, outdoor BBQ grill and outdoor fireplace; within walking distance to local stores including Target, Vons Pavillion and fine restaurants. Parking includes 3 car spaces and storage cage. With its premier location on the third floor with extraordinary views of the City, Disneyland fireworks, Hotel Row and Angels fireworks, this home would be ideal for First Time home buyers, Snow birds and Investors. Investors: Looking to Buy & Hold? Take a look at this property. Needs some TLC but for the right Buyer? This could be your first and last home to make it yours. Ask about a Carpet credit which is being is offered. Please note that the 4-photos with furniture are VIRTUALLY STAGED!!!! Keep that in mind while previewing the photo gallery. Thank you. See you in Escrow! CASH OFFERS ONLY!!! More details
    Listed by First Team Real Estate
    Ron Evans
  • 1 Shire in Coto de Caza: Residential for sale (CC - Coto De Caza) : MLS®# BB24102586

    1 Shire Coto de Caza 92679
    Main Photo: 1 Shire in Coto de Caza: Residential for sale (CC - Coto De Caza)  : MLS®# BB24102586
    $3,399,000
    Residential
    Status:
    Active
    MLS® Num:
    BB24102586
    Bedrooms:
    6
    Bathrooms:
    7
    Floor Area:
    5,838 sq. ft.
    Discover the essence of luxury living with this stunning estate nestled behind the prestigious gates of Coto de Caza. Located at the end of a cul-de-sac, this custom home offers ultimate privacy on a sprawling 2.16-acre lot. With approximately 5,800 sq. ft. of living space, the residence features 6 spacious bedrooms and 7 well-appointed bathrooms. High ceilings and expansive rooms create an inviting ambiance and complemented by a gourmet chef's kitchen. The outdoor living space is designed to be a private oasis, boasting a large rock pool with a spa and waterfall slide, an outdoor room with a cozy fireplace, and a built-in BBQ area perfect for entertaining. This home is ready for your personal upgrades, offering a bonus room ideal for a home theater, gym, or playroom. Living in Coto de Caza means access to world-class amenities, including two award-winning golf courses, equestrian facilities, and extensive hiking and mountain biking trails. Just 25 minutes from the beach and close to the 241 toll road, this location provides convenience and tranquility. The property is situated within the excellent Capistrano Unified School District, with nearby schools such as Wagon Wheel Elementary, Las Flores Middle School, and Tesoro High School. Minutes away from entertainment, shopping, and fine dining, this home epitomizes luxury living with its unparalleled combination of sophistication, comfort, and outdoor living. Don’t miss your opportunity to experience this exceptional property. Schedule a showing today and step into a lifestyle of elegance and tranquility in Coto de Caza. More details
    Listed by REMAX Empower
    Ron Evans
  • 26 Leucadia Unit 93 in Irvine: Residential for sale (NK - Northpark) : MLS®# PW24100826

    26 Leucadia Unit 93 Irvine 92602
    Main Photo: 26 Leucadia Unit 93 in Irvine: Residential for sale (NK - Northpark)  : MLS®# PW24100826
    $950,000
    Residential
    Status:
    Active Under Contract
    MLS® Num:
    PW24100826
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,907 sq. ft.
    Northpark Square / Monticello Irvine – 3 Bedroom, 3 Full Bathroom Condo in the heart of Irvine. Center unit. 1 Main floor bedroom and full bathroom. Living room with fireplace and built in. Kitchen which opens to the living room giving an open living feel. Direct access 2 car attached garage. Upstairs is the primary bedroom and bathroom. The large primary bathroom has a soaking tub, separate shower, dual sinks, seated vanity, separate toilet room and walk in closet. The 3rd bedroom with private bathroom is upstairs as is the laundry room. Unit is very close to the association pool. “The property is subject to California Civil Code Section 2429p for the first 30 days of marketing.” More details
    Listed by RVP Realty Inc. and Milestone Realty
    Ron Evans
1-12/21
Data was last updated June 23, 2024 at 06:40 PM (UTC)

Let's Get Started

HERE TO HELP

I will work for you every step of the way! My combination of skill, experience, and technology ensures that I can help you complete your real estate transaction in the shortest period of time.


Contact Form