229 S Delano #4, Anaheim, CA 92804

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
229 S Delano #4,Anaheim, CA 92804
$1,850,000
  • - Beds
  • - Baths
  • 4,357 sq. ft.
  • Multi-family
  • Active
Listed by: erik kaiser
Office: re/max terrasol
MLS#:OC25275804
Source:CRMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$424.6

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 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

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Home facts

  • Year built:1968
  • Listing ID #:OC25275804
  • Added:1 day(s) ago
  • Updated:December 17, 2025 at 01:34 PM

Rooms and interior

  • Living area:4,357 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Composition
  • Year built:1968
  • Building area:4,357 sq. ft.
  • Lot area:0.18 Acres

Utilities

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

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$424.6
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