Are you looking for a great deal on a foreclosed property in Los Angeles County? If yes, then you should check out these potential income properties before they sell at auction.
The current housing crisis has caused hundreds of homeowners across the county to fall behind on their mortgage payments. Banks also are facing tough times due to the coming recession. This has forced them to reduce their inventory and sell off their assets at discounted rates.
Foreclosures are a great opportunity for real estate investors to get into a low-priced property without having to spend a fortune on repairs. There are plenty of options available in the greater L.A. area, so take advantage of these opportunities today.
1. 10-Unit Apartment Building in Los Angeles
- Opening Bid: $332,155
- Auction Date: October 20
2. 3-Unit Multi-Family Residential Property in Los Angeles
- Opening Bid: $410,118
- Auction Date: October 27
3. 10-Unit Apartment Building in Los Angeles
- Opening Bid: $308,273
- Auction Date: October 31
4. 5-Unit Multi-Family Residential Property in Los Angeles
- Opening Bid: $1,377,962
- Auction Date: November 1
5. 8-Unit Apartment Building in Los Angeles
- Opening Bid: $819,578
- Auction Date: November 1
6. 8-Unit Apartment Building in Inglewood
- Opening Bid: $528,460
- Auction Date: November 1
7. 14-Unit Apartment Building in Inglewood
- Opening Bid: $528,460
- Auction Date: November 1
8. 9-Unit Apartment Building in Inglewood
- Opening Bid: $528,460
- Auction Date: November 1
9. 8-Unit Apartment Building in Los Angeles
- Opening Bid: $940,278
- Auction Date: November 2
10. 3-Unit Multi-Family Residential Property in Los Angeles
- Opening Bid: $492,624
- Auction Date: November 3
11. 40-Unit Apartment Building in Los Angeles
- Opening Bid: $5,342,483
- Auction Date: November 9
12. 6-Unit Multi-Family Residential Property in Los Angeles
- Opening Bid: $1,093,613
- Auction Date: November 9
13. 4-Unit Multi-Family Residential Property in Bellflower
- Opening Bid: $367,733
- Auction Date: December 1
14. 4-Unit Multi-Family Residential Property in North Hollywood
- Opening Bid: $917,443
- Auction Date: December 15
In short, there is no better time than now to invest in a foreclosed property.
How do you find the best deals in this real estate market?
You can search online or visit your local bank’s website.
But if you want to be a successful investor in the Los Angeles market, you can also call us up as our team specializes in buying distressed properties. Schedule a consultation with us today and we will be happy to give you more information about what kinds of properties might work for you.