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229 S Delano, Anaheim, CA 92804

Anaheim
Local realty services provided by:CENTURY 21 Adams & Barnes
229 S Delano,Anaheim, CA 92804
$1,650,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: erik kaiser
Office: re/max terrasol714-536-6529
MLS#:OC25275804
Source:CRMLS

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Price summary

  • Price:$1,650,000

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:184 day(s) ago
  • Updated:June 18, 2026 at 06:50 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Kitchen Description:Dishwasher, Disposal, Gas Oven

Heating and cooling

  • Cooling:Central Air, Wall Window Units
  • Heating:Central, Wall Furnance
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1968
  • Lot Features:Cul De Sac, Yard
  • Architectural Style:Traditional
  • Construction Materials:Frame, Stucco
  • Foundation Description:Slab
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,650,000

Features and amenities

  • Appliances:Dishwasher, Disposal
  • Amenities:Water Heater

Parking

  • Total parking spaces:5
  • Parking description:On Street
  • Garage:Yes
  • Garage spaces:5
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