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

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1-12/19
  • 2454 Sanabria Lane in Brea: Residential for sale (86 - Brea) : MLS®# OC24034155

    2454 Sanabria Lane Brea 92821
    Main Photo: 2454 Sanabria Lane in Brea: Residential for sale (86 - Brea)  : MLS®# OC24034155
    $975,000
    Residential
    Status:
    Active
    MLS® Num:
    OC24034155
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,561 sq. ft.
    Welcome to luxurious living in the prestigious gated community of Portarosa in Brea! This stunning 3-bedroom, 2 1/2-bathroom condo built in 2018 offers modern elegance and sophisticated design across 1,587 square feet of living space. Upon entering, you'll be greeted by an inviting open-concept layout that seamlessly blends style and functionality. The spacious living area features high ceilings, recessed lighting, and large windows, flooding the space with natural light and creating an airy ambiance. The gourmet kitchen is a chef's dream, boasting sleek quartz countertops, contemporary cabinetry, stainless steel appliances, a spacious pantry, and a convenient center island with bar seating. Whether you're entertaining guests or enjoying a quiet evening at home, this kitchen is sure to impress. Adjacent to the kitchen, the dining area provides the perfect setting for intimate dinners or casual gatherings with friends and family. Sliding glass doors lead to a private patio, offering an outdoor retreat for al fresco dining or relaxation. Upstairs, the luxurious master suite is a tranquil haven, complete with a walk-in closet and an ensuite bathroom featuring dual vanities, and a glass-enclosed shower. Two additional bedrooms, a full bathroom, and a convenient laundry room complete the upper level, providing ample space for family members or guests. This condo also features a 2-car attached garage with direct access, providing convenient parking and additional storage space. Residents of Portarosa enjoy resort-style amenities, including a sparkling pool, spa, barbecue area, and playground, creating a vibrant community atmosphere. Conveniently located near shopping, dining, parks, and top-rated schools, this Brea condo offers the perfect combination of luxury, comfort, and convenience. Don't miss your opportunity to experience the finest in Southern California living at Portarosa! More details
    Listed by Robert Long of RE/MAX New Dimension
    Ron Evans
  • 22803 W Seaway Drive in Laguna Niguel: Residential for sale (LNSMT - Summit) : MLS®# 24362463

    22803 W Seaway Drive Laguna Niguel 92677
    Main Photo: 22803 W Seaway Drive in Laguna Niguel: Residential for sale (LNSMT - Summit)  : MLS®# 24362463
    $7,790,000
    Residential
    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 details
    Listed by Susan Hackett of Rodeo Realty
    Ron Evans
  • 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
    Main Photo: 2037 Via Mariposa East Unit C in Laguna Woods: Residential for sale (LW - Laguna Woods)  : MLS®# SR24036399
    $425,000
    Residential
    Status:
    Active
    MLS® Num:
    SR24036399
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,325 sq. ft.
    Two Bedroom + Two Bathrooms in Laguna Woods. Approximatrely 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 details
    Listed by Brian Harris of Incline Realty
    Ron Evans
  • 131 Wilson Avenue in Placentia: Residential for sale (84 - Placentia) : MLS®# PW24027809

    131 Wilson Avenue Placentia 92870
    Main Photo: 131 Wilson Avenue in Placentia: Residential for sale (84 - Placentia)  : MLS®# PW24027809
    $895,000
    Residential
    Status:
    Active Under Contract
    MLS® Num:
    PW24027809
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,292 sq. ft.
    Welcome to your new home! This vintage gem is a single level 3 bedroom 2 bath home in the sought after City of Placentia. Experience a back yard entertainers delight with built in BBQ, Fire Pit and Above ground Spa (may not work). Centrally located to freeways, restaurants, shopping, CSUF and City parks and municipal services. Home was remodeled in 2008. Granite Kitchen counters and upgraded bathroom counters. Beautiful wood floors. Yard is very large with access to room behind the garage for bonus room, office or she shed/man cave. Long driveway. This is a must see. More details
    Listed by Mary Lee Swearingen of BHHS CA Properties
    Ron Evans
  • 18462 VILLA Drive in Villa Park: Residential for sale (73 - Villa Park) : MLS®# OC24007297

    18462 VILLA Drive Villa Park 92861
    Main Photo: 18462 VILLA Drive in Villa Park: Residential for sale (73 - Villa Park)  : MLS®# OC24007297
    $3,399,900
    Residential
    Status:
    Active
    MLS® Num:
    OC24007297
    Bedrooms:
    5
    Bathrooms:
    5
    Floor Area:
    6,691 sq. ft.
    *** 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 details
    Listed by Jennifer Toyama of Berkshire Hathaway HomeService
    Ron Evans
  • 5484 W Paseo Del Lago Unit A in Laguna Woods: Residential for sale (LW - Laguna Woods) : MLS®# IG24022713

    5484 W Paseo Del Lago Unit A Laguna Woods 92637
    Main Photo: 5484 W Paseo Del Lago Unit A in Laguna Woods: Residential for sale (LW - Laguna Woods)  : MLS®# IG24022713
    $899,900
    Residential
    Status:
    Active Under Contract
    MLS® Num:
    IG24022713
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,460 sq. ft.
    Laguna Woods 55+ Community is the best retirement community in Orange County. Located on a quiet Cul de Sac, this home is "Turn Key" ready for you. The single-story design feels much larger than 1460 SF 3-bedroom 2 bath. Walk-In-Tub, bidet toilet feature, Master features access to back patio and a luscious view to be enjoyed forever. Bedroom 2 has private access to the front courtyard for a private setting to be enjoyed. Lots of room for your favorite plants. Front Courtyard and back patio are fenced for easy containment of your pet dogs. The kitchen is open to the dining/living area and features light wood cabinets, recessed lights, garden window looking out to the front patio and large side by side refrigerator. Large Living Room with Dining Area and Wet Bar. Sliding door access to back patio. Home situated on a knoll and the views are attractive. Plantation shutters throughout. Easy access and close to 9-hole executive golf course! Laguna Woods residents have full advantage to enjoy its amenities. Laguna Woods Village residents can play this 27-hole championship golf course, a 9-hole executive par 3 course, pickleball and tennis courts, lawn bowling, gyms, clubhouses, swimming pools, horse stables, gardening centers, an art studio, a world-class woodshop, computer workrooms and classes + over 200 clubs and organizations! More details
    Listed by Scott Chappell of Liberty Real Estate Services
    Ron Evans
  • 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
    Main Photo: 971 S Idaho Street Unit 14 in La Habra: Residential for sale (87 - La Habra)  : MLS®# 24351705
    $475,000
    Residential
    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 details
    Listed by Oliver Moussazadeh of Revilo Realty, Inc.
    Ron Evans
  • 1216 California Street in Huntington Beach: Residential for sale (15 - West Huntington Beach) : MLS®# NP24010322

    1216 California Street Huntington Beach 92648
    Main Photo: 1216 California Street in Huntington Beach: Residential for sale (15 - West Huntington Beach)  : MLS®# NP24010322
    $1,430,000
    Residential
    Status:
    Active
    MLS® Num:
    NP24010322
    Bedrooms:
    3
    Bathrooms:
    4
    Floor Area:
    2,802 sq. ft.
    Welcome home to the city of Huntington Beach, the city that is known around the world as- SURF CITY U.S.A.! You are so close to the beach and the sand that you will need to remember to wash the sand off your feet when you get home. The property may be the perfect balance between providing ample interior living space while reducing yard work so you can surf more! The property features four bedrooms, four full bathrooms, a powder room, a formal living room with fireplace and French doors opening onto the front patio, a large family room with separate dining area, and a breakfast counter in the kitchen, plus inside laundry. Best of all there is a bedroom above the garage that may have the potential to be converted to a unit. The ambiance is updated traditional Southern California Beach. The location is fantastic; you are close to all the great things in Huntington Beach: Schools, parks, Huntington Harbor, Bolsa Chica Wetlands, the pier, and best of all some of the very best beaches and surfing in Southern California. So come home to Surf City U.S.A. and start to enjoy the best of the Beach Life Style in Orange County today. More details
    Listed by Tony Bartolic and Patrick Bartolic of Coldwell Banker Realty
    Ron Evans
  • 1827 S Olive Street in Santa Ana: Residential for sale (69 - Santa Ana South of First) : MLS®# 24348707

    1827 S Olive Street Santa Ana 92707
    Main Photo: 1827 S Olive Street in Santa Ana: Residential for sale (69 - Santa Ana South of First)  : MLS®# 24348707
    $775,000
    Residential
    Status:
    Active Under Contract
    MLS® Num:
    24348707
    Bedrooms:
    3
    Bathrooms:
    1
    Floor Area:
    1,450 sq. ft.
    Perfect 3-Bedroom Fixer Home on Corner Lot in Santa Ana! Classic entry w/ front porch. Living room w/ stone fireplace, recessed lighting, & ceiling fan. Dining area. Kitchen. Spacious bedrooms. Backyard w/ grassy area - perfect for entertaining! 2 car garage. Just a few blocks to Mater Dei High School & Memorial Park and just minutes to the best shopping, dining, & entertainment the area has to offer. A unique opportunity to redesign this home as your own! More details
    Listed by Oliver Moussazadeh of Revilo Realty, Inc.
    Ron Evans
  • 2555 Vista Baya in Newport Beach: Residential for sale (N7 - West Bay - Santa Ana Heights) : MLS®# OC24008221

    2555 Vista Baya Newport Beach 92660
    Main Photo: 2555 Vista Baya in Newport Beach: Residential for sale (N7 - West Bay - Santa Ana Heights)  : MLS®# OC24008221
    $2,000,000
    Residential
    Status:
    Active Under Contract
    MLS® Num:
    OC24008221
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    2,554 sq. ft.
    This exceptional property, currently under construction, will be delivered in its current condition. This property presents an unparalleled canvas for crafting a dream residence in a prime location. As you step onto the premises, envision the possibilities that await. Imagine designing an oasis complete with a refreshing pool to complement the Southern California lifestyle. Situated near the Newport Beach Back Bay, Orange County Airport, and the renowned South Coast Plaza, entertainment and convenience are at your doorstep with easy access to the 55 and 405 freeways, as well as the 73 Toll Road. More details
    Listed by Melissa Wiesen of eXp Realty of California Inc
    Ron Evans
  • 6125 Salem Road Unit 265 in Yorba Linda: Residential for sale (699 - Not Defined) : MLS®# OC23203395

    6125 Salem Road Unit 265 Yorba Linda 92887
    Main Photo: 6125 Salem Road Unit 265 in Yorba Linda: Residential for sale (699 - Not Defined)  : MLS®# OC23203395
    $550,000
    Residential
    Status:
    Active
    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. More details
    Listed by Nini Kerns of Allison James Estates & Homes
    Ron Evans
  • 27495 Hidden Trail Road in Laguna Hills: Residential for sale (S2 - Laguna Hills) : MLS®# OC23217651

    27495 Hidden Trail Road Laguna Hills 92653
    Main Photo: 27495 Hidden Trail Road in Laguna Hills: Residential for sale (S2 - Laguna Hills)  : MLS®# OC23217651
    $3,300,000
    Residential
    Status:
    Active
    MLS® Num:
    OC23217651
    Bedrooms:
    5
    Bathrooms:
    5
    Floor Area:
    5,762 sq. ft.
    This beautiful custom-built French Tudor home is situated in the desirable and prestigious equestrian community of Nellie Gail Ranch in the heart of South Orange County. Many features and amenities make this a must-see property! The generously sized, two level 5,762 sq. ft. house, sits on a 21,200 sq. ft. lot and, offers 5 bedrooms (4 on the second floor and 1 spacious suite on the first), 4.5 bathrooms, office, 3 fireplaces, 2 balconies and an incredible outdoor living space. An entry gate enclosing the driveway allows children to safely play within the property and, supplies ample parking space for guests and family members. Upon entry, the high ceiling and a winding stairway radiates a warm home feeling. The backyard and the balcony on the second floor provide western panoramic views of the community hills and sunsets. With a fenced pool and spa, Gazebo, and built-in BBQ in the backyard, you’re ready to invite family and friends for a fun party. Enjoy walks in the upscale neighborhood or on horse trails. You will have quick and easy access to the 73 toll road, thereby avoiding 5 and 405 freeway traffic! More details
    Listed by Brian Ballo of Brian Ballo, Broker
    Ron Evans
1-12/19
Data was last updated February 29, 2024 at 06:40 PM (UTC)

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