229 S Delano Anaheim, CA 92804
New
- 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
Listing agent Erik Kaiser License #01111620 (949) 244-8394
Listing office RE/MAX TERRASOL (949) 244-8394
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
Location Insight
- Map
- Local Demand
- City
- Anaheim
- County
- Orange
- State
- California
- Longitude
- -117.9964802
- Latitude
- 33.8287824
Nearby Similar for Sale
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.
