229 S Delano #4, Anaheim, CA 92804

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
229 S Delano #4,Anaheim, CA 92804
$1,750,000
  • - Beds
  • - Baths
  • 4,357 sq. ft.
  • Multi-family
  • Active
Listed by: erik kaiser
Office: re/max terrasol
MLS#:OC25275804
Source:CRMLS

Price summary

  • Price:$1,750,000
  • Price per sq. ft.:$401.65

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:69 day(s) ago
  • Updated:February 23, 2026 at 02:47 AM

Rooms and interior

  • Living area:4,357 sq. ft.

Heating and cooling

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

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:$1,750,000
  • Price per sq. ft.:$401.65
Based on information from California Regional Multiple Listing Service, Inc. as of February 23, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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