CA > Anaheim
Anaheim, CA 92804,229 South Delano
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Anaheim, CA 92804,229 South Delano
Anaheim, CA 92804,229 South Delano
Anaheim, CA 92804,229 South Delano
Anaheim, CA 92804,229 South Delano
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Karen Hiatt

Karen Hiatt

+1(805) 551-1225
Listed by Erik Kaiser • RE/MAX TerraSol
$ 1,850,000
Est. payment /mo
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Active

229 South Delano Anaheim, CA 92804

4,357 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,357 sqft

Price per Sqft $424

MLS Listing ID OC-25275804

Style Traditional

Year Built 1968

Lot Size 7,841 Sqft

Property Sub-Type Quadruplex

Source California Regional Multiple Listing Service (CRMLS)

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 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.

Location

State CA

County Orange

Area 79 - Anaheim West Of Harbor

Interior

Heating Wall Furnace, Central

Flooring Carpet, Laminate

Fireplaces Type Living Room

Laundry Community, In Garage

Exterior

Exterior Feature Satellite Dish

Parking Features Street

Garage Spaces 5.0

Pool None

Community Features Curbs

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

View Y/N No

View None

Building

Lot Description Cul-De-Sac, Sprinkler System, Yard

Sewer Public Sewer

Karen Hiatt

Karen Hiatt

Advisor | License ID: 01966162

+1(805) 551-1225

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229 South Delano