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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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600 W 3rd Street Unit A317 in Santa Ana: Residential for sale (70 - Santa Ana North of First) : MLS®# PW24153515
600 W 3rd Street Unit A317 Santa Ana 92701 
$275,000Residential- Status:
- Active
- MLS® Num:
- PW24153515
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 864 sq. ft.
Home or investment. Located in the city of Santa Ana. A Great Town Square Community. Homeowner’s Association provides a gated community, 2 pools, laundry facilities, elevator access, secured underground parking and more. Welcome to urban living at its finest in Downtown Santa Ana! This two-bedroom, one-bathroom condo offers the perfect blend of comfort and convenience. The HOA covers water, trash, sewer, 24-hour security, and landscaping. Centrally located near Downtown Santa Ana's restaurants, nightlife, boutiques, and theaters, this condo offers easy access to schools, courthouses, supermarkets, and attractions like South Coast Plaza, Disneyland, and the beach. Don't miss out on this opportunity! Schedule your private tour today before it's gone More detailsListed by Berkshire Hathaway HomeServices California Properties- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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16311 Typhoon Lane in Huntington Beach: Residential for sale (17 - Northwest Huntington Beach) : MLS®# OC24148391
16311 Typhoon Lane Huntington Beach 92649 OPEN HOUSE: Jul 28, 202412:00 PM - 04:00 PM PDTOpen House on Sunday, July 28, 2024 12:00PM - 4:00PM
$3,276,000Residential- Status:
- Active
- MLS® Num:
- OC24148391
- Bedrooms:
- 4
- Bathrooms:
- 4
- Floor Area:
- 3,135 sq. ft.
Much sought after waterfront location on exclusive Trinidad Island. The two channel views boast stunning sunsets. Come live the Trinidad Island Lifestyle with it's own beach, two playgrounds and extensive green belts and a waterfront walkway looking across at Seabridge Beach. Your deeded 35 foot boat dock is just outside your back door #247. Award winning Harbour View schools are located within the desirable Huntington Harbour area. The property includes a pool and spa and an enclosed dog run area. Downstairs features one bedroom and bath. Two upstairs secondary bedrooms have shared jack and jill bathrooms, including shower. This home is to be purchased in "as-is" condition. The property is subject to California Civil Code Section 2429p for the first 30 days of marketing. Eligible buyer offers will be considered within the first 30 days of marketing, all offers thereafter per CA Civil Code 2429p. More detailsListed by Pacific Moon Real Estate- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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44 Seton Road in Irvine: Residential for sale (UP - University Park) : MLS®# OC24137948
44 Seton Road Irvine 92612
$1,250,000Residential- Status:
- Active
- MLS® Num:
- OC24137948
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,494 sq. ft.
Rare single level home located in highly sot after neighborhood of University Park in the heart of Irvine. This home is the perfect opportunity to put your own designer touch and finishes. Home features high ceilings in the living room area, with 3 bedrooms and 2 baths and a large backyard. This home is walking distance to award winning schools, shopping, walking trails and just a short drive to some of orange counties finest shopping dining and entertainment. University Park is surrounded by gorgeous green belts and the community offers multiple swimming pools, tennis courts picnic areas as well as play grounds. More detailsListed by Maxim Realty Group- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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835 Freeman Street in Santa Ana: Residential for sale (70 - Santa Ana North of First) : MLS®# IV24136935
835 Freeman Street Santa Ana 92703
$725,000Residential- Status:
- Active Under Contract
- MLS® Num:
- IV24136935
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 1,303 sq. ft.
Charming Home in Washington Square community. Nestled on a picturesque tree-lined street within the Washington Square community. This is 2 large bedroom and the home offers a generous 5,100 square foot lot complete with a long driveway and 2 car garage detached garage. Use your imagination and this home can be your dream home with a little bit of love. Upon entry, is a large living room, accentuated by a cozy wood-burning fireplace. Directly to your left after entering is a lovely formal dining room. You then enter the galley kitchen with possible dining room table or a possible future nook to the left with flooding of natural light from the windows and the galley to your right, leading to the laundry room. The expansive backyard is perfect for outdoor gatherings and leisure, surrounded by trees, mango tree, attached shed, beautiful foliage. Residents of the Washington Square community enjoy a vibrant neighborhood ambiance, with year-round events and gatherings including wine walks, seasonal festivals, chili cook-offs, and progressive dinners. Conveniently located near OC School of Arts, Santa Ana College, the Metrolink, the 5-freeway, and Downtown Santa Ana, North Olive offers a prime location with easy access to amenities and entertainment More detailsListed by CAL STATE REALTY SERVICES- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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2227 Avenida Oliva in San Clemente: Residential for sale (MH - Marblehead) : MLS®# OC24135435
2227 Avenida Oliva San Clemente 92673
$1,774,999Residential- Status:
- Active Under Contract
- MLS® Num:
- OC24135435
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 2,247 sq. ft.
Welcome to Highland Light Estates in Marblehead, a prestigious guard-gated community offering a stunning two-story residence with breathtaking Pacific Ocean views. This home features three bedrooms, three baths, and sits on a generous 12,225 sqft lot, blending comfort with style. Set on an easy-care level lot, the home boasts impressive curb appeal and privacy. Inside, vaulted ceilings accentuate the open floor plan, complemented by ocean views that greet you upon entry. The kitchen and nook area flow seamlessly to a side patio, perfect for al fresco dining and enjoying the scenic backdrop. The primary suite includes a vaulted ceiling and a sliding glass door leading to a spacious balcony with views of the Pacific Ocean, Catalina, and San Clemente Islands. Outside, expansive wrap-around patios amidst greenery offer ideal spots for relaxation and sunset views from the in-ground spa. Conveniently located near San Clemente's village, residents can enjoy fine dining, shopping, coastal trails, Dana Point Harbor, and renowned beaches like Trestles and Doheny. This home provides the ultimate in coastal living experience. More detailsListed by Real Broker- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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31871 VIA PAVO REAL in Coto de Caza: Residential for sale (CC - Coto De Caza) : MLS®# OC24129940
31871 VIA PAVO REAL Coto de Caza 92679
$1,749,900Residential- Status:
- Active
- MLS® Num:
- OC24129940
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 2,727 sq. ft.
*** BANKRUPTCY COURT SALE - EQUITY SALE (NOT AN REO, NOT BANK OWNED, AND NOT A SHORT SALE) *** More detailsListed by Berkshire Hathaway HomeService- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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3112 MONROE in Costa Mesa: Residential for sale (699 - Not Defined) : MLS®# PW24121474
3112 MONROE Costa Mesa 92626
$1,380,000Residential- Status:
- Active
- MLS® Num:
- PW24121474
- Bedrooms:
- 5
- Bathrooms:
- 3
- Floor Area:
- 1,944 sq. ft.
Must see... 5 bedroom, 3 bathroom, pool. In the process of being upgraded. complete new water supply re-piped and electrical. More detailsListed by Isabel Sarmiento, Broker- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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211 Avenida Majorca Unit B in Laguna Woods: Residential for sale (LW - Laguna Woods) : MLS®# OC24132601
211 Avenida Majorca Unit B Laguna Woods 92637
$257,000Residential- Status:
- Active
- MLS® Num:
- OC24132601
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 770 sq. ft.
Beautiful 55+ community, sunny ground floor unit with views of greenbelt from big picture windows in living room. This corner Cadiz unit has a gated private patio with 1 bed/ 1 bath, approx. 770 sqft, 1 car carport with storage. The well designed open floor plan has a natural flow from living and dining space to the kitchen. Upgraded plank floors, and new carpet in the bedroom. The oven and range is being replaced with new by the HOA at the end of the month. I can send more details. No stairs! Enjoy the life style of Laguna Woods Village, a 55+ retirement community, featuring a 27-hole golf course with clubhouse & a 9-hole par-3 executive gold course, 5 swimming pools, 7 clubhouses, fitness centers, equestrian center, library, live theater, over 200 social clubs and much more! More detailsListed by Integrated Realty Group, Inc.- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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17851 Carranza Lane in Huntington Beach: Residential for sale (15 - West Huntington Beach) : MLS®# DW24131866
17851 Carranza Lane Huntington Beach 92647 OPEN HOUSE: Jul 27, 202412:30 PM - 04:00 PM PDTOpen House on Saturday, July 27, 2024 12:30PM - 4:00PM
$1,175,000Residential- Status:
- Active
- MLS® Num:
- DW24131866
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,244 sq. ft.
Don't miss out on this fantastic opportunity to own a home in Huntington Beach! This rare find is just minutes away from Southern California's coastal lifestyle. Situated near Lake Huntington, this area offers convenient access for biking, jogging, shopping, parks, schools and dining. Don’t let this opportunity pass you by! More detailsListed by Century 21 Allstars- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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12061 Arroyo Avenue in North Tustin: Residential for sale (NTS - North Tustin) : MLS®# PW24122581
12061 Arroyo Avenue North Tustin 92705
$2,195,000Residential- 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, Interior Repipe, 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 detailsListed by Katnik Brothers R.E. Services- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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20 First Street in Ladera Ranch: Residential for sale (LD - Ladera Ranch) : MLS®# OC24125429
20 First Street Ladera Ranch 92694
$1,149,000Residential- Status:
- Active Under Contract
- 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 detailsListed by Quantus Realty Solutions- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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18611 Mesa Drive in Villa Park: Residential for sale (73 - Villa Park) : MLS®# OC24115572
18611 Mesa Drive Villa Park 92861
$2,988,000Residential- Status:
- Active Under Contract
- 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 detailsListed by Seven Gables Real Estate- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
Data was last updated July 27, 2024 at 04:40 AM (UTC)
Based on information from California Regional Multiple Listing Service, Inc. as of July 27, 2024 at 04:40 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