
Bankruptcy Real Estate Sales & Dispositions
Valuation, marketing, and disposition of court-supervised assets throughout Los Angeles County and Southern California.
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.
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.
28674 Kathleen Ave.
Santa Clarita, CA 91390 · Single Family Residence · Chapter 7
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.
- 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.
210, 244 & 248 S Orange Grove Blvd.
Pasadena, CA 91105 · Office & Multifamily · Chapter 11
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.
- 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
1811 E Center Street
Anaheim, CA 92805 · Commercial Building · Court Overbid
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.
- Beautifully remodeled commercial building
- Owner/user opportunity delivered vacant
- Ample parking with gated entry
- Minutes from Disneyland Park, Downtown Disney and Angel Stadium
14202 Delano St
Van Nuys, CA 91401 · Multifamily · Chapter 7
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.
- 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
9277 Elben Place
Sun Valley, CA 91352 · Land · Chapter 7
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.
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
Court-Supervised Sales
Selected closed transactions.
45038 Spearman Ave.
Lancaster, CA 93534
- Attracted an all-cash, non-contingent stalking-horse bidder
- Procured 5 offers
- Detached bungalows on a large lot
407 E. Ave Q3
Palmdale, CA 93550
- Procured 9 offers
- Attracted an all-cash, non-contingent stalking-horse bidder
- Registered multiple overbidders for court approval
509 E. Ave Q1
Palmdale, CA 93550
- Distressed asset
- Registered multiple overbidders for court approval
- Great unit mix on a large lot
1358 N. Arrowhead Ave.
San Bernardino, CA 92405
- Marketing procured a 1031 exchange buyer within a week
- Significant upside potential
1334 E. Palmdale Blvd.
Palmdale, CA 93550
- Attracted an all-cash, non-contingent stalking-horse bidder
- Negotiated with the lender to allow for a bankruptcy short sale
267 Del Monte St.
Pasadena, CA 91103
- Attracted 50+ interested parties for property tours
- Procured 8 offers
- Abated apartment building with strong added-value potential
2820 & 2824 E. Palmdale Blvd.
Palmdale, CA 93550
- Auto repair and tire service shop
- Tremendous rental upside
- 1991 construction on a large lot zoned C-3
8047 California City Blvd.
California City, CA 93505
- Generated multiple offers
- $11,074 per unit and $23.92 per SF
- 20.36% CAP and 2.28 GRM at pro forma rents
930-934 E Arrow Hwy.
Covina, CA 91724
- Auto repair center with 10 bay garages
- Versatile property: automotive, office, storage
- Excellent location in an automotive corridor
1325 Cabrillo Ave.
Venice, CA 90291
- 12 units in prime Venice
- Attracted 100+ interested parties for property tours
- Generated 6 offers
505 E Mountain St.
Glendale, CA 91207
- Negotiated the purchase while the debtor was occupying the residence
- Attracted 30+ interested parties for property tours
- Winner of the Glendale Beautification Gem Award
5879 Fostoria St.
Bell Gardens, CA 90201
- Obtained numerous overbidders despite a lack of cooperation from the debtor
- Large lot for future development
Assignments Brought to Market
Court-supervised assets marketed by VartanianCRE.
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 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?
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