A team of Lyon Stahl Investment Real Estate, Inc. CA DRE #01816119
VartanianCRE
Free Valuation
A team of Lyon Stahl Investment Real Estate
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Bankruptcy Real Estate Sales & Dispositions

Valuation, marketing, and disposition of court-supervised assets throughout Los Angeles County and Southern California.

183+
Closed Transactions
21
Years in Commercial Real Estate
12+
Years Focused on Bankruptcy
17
Court-Supervised Closings
The Practice

Court-Supervised & Distressed Dispositions

VartanianCRE, in association with Lyon Stahl Investment Real Estate, Inc., works closely with leading bankruptcy attorneys, certified public accountants, trustees, receivers, fiduciaries, estate representatives, and other court-appointed professionals throughout Southern California. With more than two decades of real estate experience, our team provides strategic guidance in the valuation, marketing, and disposition of assets involved in Chapter 7 and Chapter 11 bankruptcy proceedings, receiverships, probate and trust matters, and other court-supervised or distressed situations.

Our experience encompasses a broad range of asset classes, including multifamily, mixed-use, office, retail, industrial, development sites, land, single-family residential, and special-use properties. Each court-supervised assignment presents unique financial, legal, operational, and timing considerations — our approach is tailored to the specific circumstances of the asset, the objectives of the estate, and the requirements of the professionals overseeing the disposition.

Once an initial or stalking-horse buyer has been secured, our extensive familiarity with bankruptcy court sale procedures allows us to effectively market the overbid opportunity, communicate applicable terms and deadlines, identify and qualify potential overbidders, manage bidder expectations, and help facilitate a competitive and orderly sale process. We remain closely engaged with trustees, counsel, escrow, title, purchasers, and cooperating brokers throughout the transaction to maintain momentum and address issues as they arise.

Scope of Services

Valuation

Detailed broker opinions of value, evaluation of market conditions, and disposition strategy.

Diligence

Review of available debt and title information and research of transaction history.

Marketing

Comprehensive marketing materials and qualification of prospective purchasers.

Negotiation

Purchase agreement negotiation and contingency management through escrow.

Court Process

Sale motions, stalking-horse terms, overbid procedures, court hearings, and closing.

Related Court Matters
Chapter 7 & 11 Sales Stalking-Horse Transactions Overbid & Court Approval Bankruptcy Short Sales Receiverships Probate & Trust Sales
Active Assignment

28674 Kathleen Ave.

Santa Clarita, CA 91390 · Single Family Residence · Chapter 7

In Escrow
28674 Kathleen Ave, Santa Clarita, CA
List Price
$849,000
Subject to Court Approval & Overbid Procedures

A Chapter 7 bankruptcy court sale currently in escrow with a stalking-horse buyer. Contingencies have not yet been removed. The sale remains subject to U.S. Bankruptcy Court approval and overbid procedures, and the property is being sold as-is, where-is, with all faults. The overbid and approval hearing has not yet been set.

Bedrooms / Baths4 BD · 3 BA
Living Area2,512 SF
Lot7,001 SF · 0.16 acres
Year Built1988
Parking3-car garage + gated RV
Case No.2:25-bk-20242-BB
  • First time on the market in more than 22 years
  • Two-story traditional with soaring ceilings, hardwood flooring and crown molding
  • Granite kitchen with center island, skylight and breakfast nook
  • Resort-style backyard: custom rock pool and spa with waterfall, gazebo and hillside privacy
  • Primary suite with walk-in closet, dual vanities, soaking tub and separate shower
  • Bouquet Canyon location near parks, schools, trails and commuter access

Marketing photography has been digitally enhanced. Buyers should inspect the property and rely on their own observations as to its condition.

Case Study

210, 244 & 248 S Orange Grove Blvd.

Pasadena, CA 91105 · Office & Multifamily · Chapter 11

Final Sale Price at Court Overbid
$14,575,000
+30.1%
over the stalking-horse contract price

A stalking-horse buyer was under contract at $11,200,000. VartanianCRE's marketing of the overbid opportunity produced a 30.1% increase over the original contract price at the court overbid.

Cap Rate2.63%
GRM20.87
Price / Unit$1,619,444
Price / SF$571.97
Office6,450 SF on 30,056 SF lot
Multifamily19,032 SF on 41,480 SF lot
  • Bankruptcy sale subject to court approval and overbid process
  • Multifamily unit mix of 2BR + 2.5BA residences
  • Architecturally significant, pride-of-ownership properties
  • Rose Parade grandstand income-producing easement
Case Study

1811 E Center Street

Anaheim, CA 92805 · Commercial Building · Court Overbid

Closed
1811 E Center Street, Anaheim, CA
Final Sale Price, Court Approval 11/20/19
$1,695,000
+16.9%
over the original listing price

Listed at $1,450,000. VartanianCRE first procured a non-contingent buyer at $1,620,000, then generated bidding at the court overbid and approval hearing that raised the final sale price to $1,695,000 — $245,000 above list.

Building6,888 SF
Lot15,924 SF, zoned O-L
DeliveryVacant at close of escrow
ZoneOpportunity Zone
  • Beautifully remodeled commercial building
  • Owner/user opportunity delivered vacant
  • Ample parking with gated entry
  • Minutes from Disneyland Park, Downtown Disney and Angel Stadium
Case Study

14202 Delano St

Van Nuys, CA 91401 · Multifamily · Chapter 7

Closed
14202 Delano St, Van Nuys, CA
Final Sale Price at Court Overbid
$1,130,000
+25.6%
over the original listing price

Listed at $900,000. VartanianCRE procured an all-cash, non-contingent stalking-horse bidder and carried the asset through the overbid process to a 25.6% increase over the original listing price.

Cap Rate6.79% proforma
GRM10.17 proforma
Price / Unit$188,333
Price / SF$238.40
  • Bankruptcy sale subject to court approval and overbid process
  • Individual hot water heaters, newer electrical meters and breakers
  • On-site laundry room with washer and dryer hookups
  • Six carport parking spaces
Case Study

9277 Elben Place

Sun Valley, CA 91352 · Land · Chapter 7

Closed
9277 Elben Place, Sun Valley, CA
Final Sale Price at Court Approval
$815,000
97.6%
of the original listing price

Listed at $835,000. VartanianCRE's Bankruptcy Division marketed this unique 60.88-acre land assemblage through the court sale process to a close at 97.6% of the original listing price.

Total Land Area±60.88 Acres
Price / Acre≈$13,386
ZoningLAA1 (Light Agricultural)
Case No.2:20-bk-13673-SK

Three contiguous vacant land parcels (APN 2545-022-002, 2545-022-003, and 2545-022-004) at the base of the Verdugo Mountains, directly off La Tuna Canyon Rd — northwest of Burbank, south of Shadow Hills, and west of Panorama City, with close proximity to the 210 and 5 Freeways.

  • Bankruptcy court sale subject to overbid and approval process
  • LAA1 zoning permits single-family residences, crop and nursery uses, greenhouses, and livestock (Buyer to Verify)
  • Sold as-is, where-is, without representation or warranties
Bankruptcy Closings

Court-Supervised Sales

Selected closed transactions.

Closed
45038 Spearman Ave., Lancaster, CA 93534
Multifamily

45038 Spearman Ave.

Lancaster, CA 93534

Sold Above List
+129% over list price
  • Attracted an all-cash, non-contingent stalking-horse bidder
  • Procured 5 offers
  • Detached bungalows on a large lot
Closed
407 E. Ave Q3, Palmdale, CA 93550
Multifamily

407 E. Ave Q3

Palmdale, CA 93550

Sold Above List
+36% over list price
  • Procured 9 offers
  • Attracted an all-cash, non-contingent stalking-horse bidder
  • Registered multiple overbidders for court approval
Closed
509 E. Ave Q1, Palmdale, CA 93550
Multifamily

509 E. Ave Q1

Palmdale, CA 93550

Sold Above List
+11% over list price
  • Distressed asset
  • Registered multiple overbidders for court approval
  • Great unit mix on a large lot
Closed
1358 N. Arrowhead Ave., San Bernardino, CA 92405
Multifamily

1358 N. Arrowhead Ave.

San Bernardino, CA 92405

Sold For
96% of list price
  • Marketing procured a 1031 exchange buyer within a week
  • Significant upside potential
Closed
1334 E. Palmdale Blvd., Palmdale, CA 93550
Class C Office Building

1334 E. Palmdale Blvd.

Palmdale, CA 93550

Sold Above List
+33% over list price
  • Attracted an all-cash, non-contingent stalking-horse bidder
  • Negotiated with the lender to allow for a bankruptcy short sale
Closed
267 Del Monte St., Pasadena, CA 91103
Multifamily

267 Del Monte St.

Pasadena, CA 91103

Sold Above List
+18% over list price
  • Attracted 50+ interested parties for property tours
  • Procured 8 offers
  • Abated apartment building with strong added-value potential
Closed
2820 & 2824 E. Palmdale Blvd., Palmdale, CA 93550
Retail

2820 & 2824 E. Palmdale Blvd.

Palmdale, CA 93550

Sold Above List
+7% over list price
  • Auto repair and tire service shop
  • Tremendous rental upside
  • 1991 construction on a large lot zoned C-3
Closed
8047 California City Blvd., California City, CA 93505
Motel / Multifamily

8047 California City Blvd.

California City, CA 93505

Sold For
94% of list price
  • Generated multiple offers
  • $11,074 per unit and $23.92 per SF
  • 20.36% CAP and 2.28 GRM at pro forma rents
Closed
930-934 E Arrow Hwy., Covina, CA 91724
Retail

930-934 E Arrow Hwy.

Covina, CA 91724

Sold For
100% of list price
  • Auto repair center with 10 bay garages
  • Versatile property: automotive, office, storage
  • Excellent location in an automotive corridor
Closed
1325 Cabrillo Ave., Venice, CA 90291
Multifamily

1325 Cabrillo Ave.

Venice, CA 90291

Sold Above List
+20% over list price
  • 12 units in prime Venice
  • Attracted 100+ interested parties for property tours
  • Generated 6 offers
Closed
505 E Mountain St., Glendale, CA 91207
Single Family Residence

505 E Mountain St.

Glendale, CA 91207

Sold For
92% of list price
  • Negotiated the purchase while the debtor was occupying the residence
  • Attracted 30+ interested parties for property tours
  • Winner of the Glendale Beautification Gem Award
Closed
5879 Fostoria St., Bell Gardens, CA 90201
Multifamily

5879 Fostoria St.

Bell Gardens, CA 90201

Sold For
98% of list price
  • Obtained numerous overbidders despite a lack of cooperation from the debtor
  • Large lot for future development
Former Bankruptcy Listings

Assignments Brought to Market

Court-supervised assets marketed by VartanianCRE.

9430 Wilshire Blvd, Beverly Hills, CA

9430 Wilshire Blvd.

Beverly Hills, CA 90212

$46,000,000

Asking Price
  • Development opportunity in the heart of Beverly Hills
  • Over 100 feet of frontage on Wilshire Boulevard
  • 16,457 SF lot zoned BHC3
1850 Sawtelle Blvd, Los Angeles, CA

1850 Sawtelle Blvd.

Los Angeles, CA 90025

$12,700,000

Asking Price
  • Class B office building in the heart of West Los Angeles
  • Significant value-add opportunity
  • 67 on-site parking spaces

Handling a property in a bankruptcy estate?

Get in touch to discuss the property, the estate's timeline, and next steps.

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