Anaheim Fourplex in Desirable Location

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

HighLights

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.
Private garages for each unit with interior garage laundry, a highly desirable feature for tenants.
Strong, long‑term tenants in place, ensuring stability and consistent cash flow.
Ideally located near major freeways, shopping, dining, and theme parks, attracting renters and supporting long‑term demand.

We can help!

Listing Contact

Erik Kaiser

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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:: 53
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

We can help!

Listing Contact

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

HighLights

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.
Private garages for each unit with interior garage laundry, a highly desirable feature for tenants.
Strong, long‑term tenants in place, ensuring stability and consistent cash flow.
Ideally located near major freeways, shopping, dining, and theme parks, attracting renters and supporting long‑term demand.

Overview

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

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Quadplexes

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Local Demand

City: Anaheim
County: Orange
State: California
Longitude: -117.9964802
Latitude: 33.8287824

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For sale
Quadplexes
CA
Anaheim
92804
229 S Delano

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.