Property

Anaheim, CA 92804 229 S Delano

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Presented By: Erik Kaiser with RE/MAX TerraSol; erikfkaiser@gmail.com
  • MLS# OC25275804
  • 12/15/2025
  • Request Tour
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  • Baths • 1
  • SQFT • 4,357
  • Garage • 5

Home Details

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.
Presented By: Erik Kaiser with RE/MAX TerraSol; erikfkaiser@gmail.com

Interior Features for 229 S Delano

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesLiving Room
Fireplace Y/NYes
FlooringCarpet, Laminate
Heating Y/NYes
Laundry FeaturesCommon Area, In Garage
Total Stories2

Other Rooms

Entry Level1

General for 229 S Delano

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Gas Oven, Water Heater
Architectural StyleTraditional
Association AmenitiesMaintenance Front Yard, Trash
Building Area UnitsSquare Feet
Cap Rate5.36
Carport Spaces
CityAnaheim
Community FeaturesCurbs
Construction MaterialsFrame, Stucco
ContingencyStandard Contingencies.
CoolingCentral Air, Wall/Window Unit(s)
CountyOrange
Current FinancingConventional
DirectionsW. of Beach Blvd. S. of Lincoln
DisclosuresPet Restrictions, Rent Control
ElectricStandard
Entry Location1
Facing DirectionEast
Garage Spaces5
Garage Y/NYes
Gross Income118560
HOANo
HOA Fee$
HeatingCentral, Wall Furnace
Insurance Expense5078
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet7841
Lot Size UnitsSquare Feet
MLS Area79 - Anaheim West of Harbor
MaintenanceExpense2727
Net Operating Income95500
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Ok to LeaseMonth To Month
Open Parking Spaces0
Operating Expense18938
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityANAHEIM
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count2
Subdivision NameS of Lincoln Ave. W of Beach Blvd.
Tax Lot13
Tenant PaysElectricity, Gas, Telephone
Total Actual Rent9880
Trash Expense0
UtilitiesCable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense2428
Year Built1968
Year Built SourceAssessor

Exterior for 229 S Delano

Building Area Total4357
FencingAverage Condition, Block
Foundation DetailsSlab
Lot FeaturesCul-De-Sac, Sprinkler System, Yard
Lot Size Acres0.18
Lot Size Area7841
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Other EquipmentSatellite Dish
Parking FeaturesOn Street
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking5
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Limor Zamir

Realtor®
Price $1,750,000
MLS#OC25275804
List Date 12/15/2025
Property Type Multi-Family
Phone 310.866.3778
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Request Info
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