229 S Delano 4, Anaheim, CA 92804

• 4,357 sqft

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.

Listing Status:

Active

Date Added:

December 15, 2025

Data Last Updated:

February 16, 2026 at 1:18PM

Listing Office:

RE/MAX TerraSol : 714-536-6529

Listing Agent:

Erik Kaiser : 949-244-8394

MLS ID:

OC25275804

Interior

• Appliances: DishwasherDisposalGas OvenWater Heater
• Laundry: Common AreaIn Garage
• Flooring: CarpetLaminate
• A/C: Central AirWall/Window Unit(s)
• Heating: CentralWall Furnace
• Fireplace: Living RoomFireplace

Exterior

• General: None
• Style: Traditional
• Pool: None
• Parking: On StreetParking spaces: 5

Construction

• Roofing: Composition
• General: FrameStucco2Slab

Location

• Road/Access: City Street
• HOA Amenities: Maintenance Front YardTrash0.0
• Originating MLS: CRMLS_CRM
• County: Orange

Lot

• Zoning: 13527121
• View: None
• Fencing: Average ConditionBlock

Utilities

• Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater ConnectedStandard
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM