229 S Delano, Anaheim, CA 92804

Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
229 S Delano,Anaheim, CA 92804
$1,750,000
  • - Beds
  • - Baths
  • 4,357 sq. ft.
  • Multi-family
  • Active
Listed by: erik kaiser
Office: re/max terrasol
MLS#:CROC25275804
Source:CAMAXMLS

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 #:CROC25275804
  • Added:59 day(s) ago
  • Updated:February 13, 2026 at 02:47 PM

Rooms and interior

  • Living area:4,357 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall/Window Unit(s)
  • Heating:Central, Wall Furnace

Structure and exterior

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

Finances and disclosures

  • Price:$1,750,000
  • Price per sq. ft.:$401.65
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at February 13, 2026

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