229 S Delano, Anaheim, CA 92804
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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 with interior garage laundry, Additional community laundry, creating multiple income streams, Updated windows, Well-maintained exterior and systems, Attractive grass yard courtyard area, enhancing tenant livability and curb appeal, Additional parking income potential. The property is ideally located near major freeway access, shopping, dining, and is just minutes from world-class theme parks, making it extremely attractive to renters and supporting long-term demand. This is a turn-key investment with stable in-place income, desirable unit features, and meaningful upside for investors seeking a well-located Anaheim asset with proven performance and future growth potential....
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Home facts
- Year built:1968
- Listing ID #:OC25275804
- Added:151 day(s) ago
- Updated:May 16, 2026 at 06:16 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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