229 Delano, Anaheim, CA 92804

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

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Home facts

  • Year built:1968
  • Listing ID #:OC25275804
  • Added:57 day(s) ago
  • Updated:February 10, 2026 at 05:38 PM

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

Utilities

  • Water:District - Public, Hot Water

Finances and disclosures

  • Price:$1,750,000
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