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    229 S Delano Anaheim, CA 92804

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    For Sale
    $1,750,000

    Fully occupied four-unit property in West Anaheim rental market.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 24 at 4:33 pm

    Property Features for 229 S Delano

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1968

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    Listing Contact
    Erik Kaiser
    Erik Kaiser

    Listing agent Erik Kaiser License #01111620

    Listing office RE/MAX TERRASOL

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX TERRASOL


    Overview

    Anaheim Fourplex in Desirable Location

    This fully occupied 4-unit property is located on a cul-de-sac in the desirable West Anaheim rental market. The well-maintained Covington model fourplex is known for its functional layouts, private garages, and tenant appeal. The property, with a rent increase set for February 1, 2026, will operate at a Gross Rent Multiplier (GRM) of 14.76 with a Cap Rate of approximately 5.67%. All four units are occupied by long-term tenants, providing stable cash flow. Each unit features updated kitchens and bathrooms, along with newer carpeting and laminate flooring. Key features include private garages for each unit with interior garage laundry, an additional community laundry, updated windows, a well-maintained exterior and systems, and an attractive grass yard courtyard area. There is also additional parking income potential. The property is near major freeway access, shopping, dining, and theme parks, making it attractive to renters and supporting long-term demand. The property is a turn-key investment with stable in-place income and upside for investors seeking an Anaheim asset with performance and future growth potential. The property is somewhat walkable, bikeable and has some transit.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anaheim
    County
    Orange
    State
    California
    Longitude
    -117.9964802
    Latitude
    33.8287824

    FAQs

    What type of property is this?
    Quadplex - Fully occupied four-unit property in West Anaheim rental market.
    Where is this quadplex located?
    The property is located at 229 S Delano Anaheim, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Fully occupied 4‑unit property in the desirable West Anaheim rental market, providing immediate income.; Projected Cap Rate of approximately 5.67% and GRM of 14.76 (as of Feb 1, 2026), indicating strong financial performance.; Each unit features updated kitchens and bathrooms, along with newer flooring, enhancing tenant appeal.
    More about this property
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