Homes for sale - 229 S Delano, Anaheim, CA 92804

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Ben Dodge

bendodge@kw.com +1(408) 829-1074

Listed by Erik Kaiser • RE/MAX TerraSol

$ 1,850,000

Est. payment | -/mo

7,841 Sqft Lot

Save

$ 1,850,000

Est. payment | -/mo

Save

7,841 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC25275804

Style Traditional

Year Built 1968

Lot Size 7,841 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

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 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 nea

Location

State CA

County Orange

Area 79 - Anaheim West Of Harbor

Rooms

Kitchen Dishwasher, Garbage Disposal, Oven - Gas

Interior

Heating Wall Furnace , Central Forced Air

Cooling Central AC, Window / Wall Unit

Flooring Laminate

Laundry In Garage, Washer/Dryer - Leased, Community Facility

Exterior

Parking Features Off-Street Parking

Garage Spaces 5.0

Pool 31, None

View None

Roof Type Composition

Building

Lot Description Corners Marked

Foundation Concrete Slab

Water Hot Water, District - Public

Architectural Style Traditional

Others

Tax ID 13527121

Special Listing Condition Not Applicable

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Ben Dodge

REALTOR® | Lic# DRE 01959374

bendodge@kw.com

+1(408) 829-1074

16780-A Lark Ave. Los Gatos, CA, 95032

229 S Delano Anaheim, CA 92804

Ben Dodge

Key Details

Location

Rooms

Interior

Exterior

Building

Others

229 S Delano