229 Delano, Anaheim, CA 92804

Anaheim
Local realty services provided by:ERA North Orange County Real Estate
229 Delano,Anaheim, CA 92804
$1,750,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: erik kaiser949-244-8394
Office: re/max terrasol
MLS#:OC25275804
Source:CAREIL

Price summary

  • Price:$1,750,000

About this home

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 14.76 with a Cap Rate of approximately 5.67%, 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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1968
  • Listing ID #:OC25275804
  • Added:103 day(s) ago
  • Updated:March 31, 2026 at 04:13 PM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Garbage Disposal

Heating and cooling

  • Cooling:Central Air, Window/Wall Unit
  • Heating:Central Forced Air, Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1968
  • Lot area:0.18 Acres
  • Lot Features:Corners Marked, Cul-de-sac
  • Architectural Style:Traditional
  • Exterior Features:Automatic Sprinkler(s)
  • Foundation Description:Concrete Slab

Utilities

  • Water:District - Public, Hot Water

Finances and disclosures

  • Price:$1,750,000

Features and amenities

  • Laundry features:Community Facility, In Garage, Washer/Dryer - Leased
  • Amenities:Satellite Dish

Parking

  • Parking description:Off Street Parking
MLS LogoThe information being provided by Mlslistings Inc is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Mlslistings Inc. ERA North Orange County Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA North Orange County Real Estate, a broker participant of Mlslistings Inc. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Mlslistings Inc and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Mlslistings Inc. All rights reserved.

New listings near 229 Delano