229 S Delano, Anaheim, CA 92804
- $1,650,000
- Sold Price
- $1,650,000
- List Price
- $1,750,000
- Status
- CLOSED
- Days on Market
- 98
- Closing Date
- May 08, 2026
- MLS#
- OC25275804
- Subtype
- Residential Income
- Style
- Traditional
- Year Built
- 1968
- Lot Size
- 7,841
- Acres
- 0.18
- Subdivision
- S Of Lincoln Ave. W Of Beach Blvd.
- Neighborhood
- S Of Lincoln Ave. W Of Beach Blvd.
- MLS Area Major
- Anaheim West of Harbor (79)
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 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.
Additional Information
- Property Description
- Traditional
- Flooring
- Carpet, Laminate
- Appliances
- Dishwasher, Disposal, Gas Oven, Water Heater
- Heating
- Central, Wall Furnace
- Air Conditioning
- Yes
- Exterior Construction
- Frame, Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Composition
- Pool Type
- None
- Parking Features
- On Street
- Garage Spaces
- 5
- View
- None
Mortgage Calculator
Listing courtesy of Listing Agent: Erik Kaiser (erikfkaiser@gmail.com) from Listing Office: RE/MAX TerraSol.
Selling Office: Superior Real Estate Group.Based on information from California Regional Multiple Listing Service, Inc. as of . 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.