Well-Maintained Fourplex in West
229 S Delano, Anaheim, CA 92804
Fully occupied four-unit property with income and upside potential.
Type:Multifamily
- Added:
- Dec 15, 2025
- Days on Market:
- 151
- Last Refresh:
- Mar 19 at 9:25 pm
Property Features for 229 S Delano
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Erik Kaiser License #01111620
Listing office RE/MAX TerraSol
Listing date Dec 15, 2025
Source Crexi
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.
- Strong, long‑term tenants providing stable and consistent cash flow.
- Updated kitchens and bathrooms, newer carpeting and laminate flooring in all units.
- Private garages for each unit with interior garage laundry.
- GRM of 14.76 and a Cap Rate of approximately 5.67% (post Feb. 1, 2026 rent increase).
- Located near major freeway access, shopping, dining, and theme parks.
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 the current rent increase set for Feb. 1, 2026, will operate at a Gross Rent Multiplier (GRM) of 14.76 with a Cap Rate of approximately 5.67%, offering immediate income with upside potential through future rent increases and parking income. All four units are occupied by long-term tenants, providing stability and consistent 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, additional community laundry, updated windows, and a well-maintained exterior and systems. An attractive grass yard courtyard area enhances tenant livability and curb appeal. There is additional parking income potential. The property is located near major freeway access, shopping, dining, and theme parks, making it attractive to renters and supporting long-term demand. This is a turn-key investment with stable in-place income, desirable unit features, and upside for investors.
Property Profile
Insight Report
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 with income and upside potential.
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.; Strong, long‑term tenants providing stable and consistent cash flow.; Updated kitchens and bathrooms, newer carpeting and laminate flooring in all units.
