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229 Delano, 
Anaheim, CA 92804

$1,850,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Erik Kaiser

RE/MAX Terrasol

Last updated:

December 21, 2025, 05:28 PM

MLS#

OC25275804

Source:

CAREIL

About This Home

229 Delano

Excellent opportunity to acquire a fully occupied 4-unit property on a cul-de-sac, in the highly desirable West Anaheim rental market. This well-maintained Covington model fourplex is widely regarded as one of the most sought-after 4-plex designs in the area due to its functional layouts, private garages, and strong tenant appeal. Calculated with the current rent increase set for Feb. 1, 2026, The property will be operating at a Gross Rent Multiplier (GRM) of 15.60 with a Cap Rate of approximately 5.36%, offering immediate income with clear upside potential through future rent increases and potentially additional parking income. All four units are occupied by strong, long-term tenants, providing stability and consistent cash flow. Each unit has been updated with newer kitchens and bathrooms, along with newer carpeting and laminate flooring, making the property well positioned for continued tenant retention and future rent growth. Key features include: Private garages for each unit with interior garage laundry, Additional community laundry, creating multiple income streams, Updated windows, Well-maintained exterior and systems, Attractive grass yard courtyard area, enhancing tenant livability and curb appeal, Additional parking income potential. The property is ideally located nea

Home Facts

Multi-Family

Built in 1968

Price Summary

1,850,000

MLS #:

OC25275804

Last Updated:

December 21, 2025, 05:28 PM

Added:

8 day(s) ago


Structure

Structure

Architectural Style:

Traditional

Year Built:

1968


Lot

Lot Size (Sq. Ft):

7,841


Finances & Disclosures

Finances

Price:

$1,850,000

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