Home | Orange County | Anaheim | 92804 | 229 S Delano
MLS: CROC25275804 | Status: Contingent | Price: $1,750,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,841 | 1968 |
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 nea
| Field | Value |
|---|---|
| MLS # | CROC25275804 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Garbage Disposal, Oven - Gas |
| Flooring | Laminate |
| Laundry | Community Facility |
| Cooling | Central Forced Air, Window/Wall Unit |
| Heating | Central Forced Air, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Slab |
| Pool | None |
| Style | Traditional |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, Garage: 5 Car(s) |
| HOA Fee | $0 |
Erik Kaiser
RE/MAX TerraSol
License #: 01111620
Phone: (949) 244-8394
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 950 | – | 0/0 | – |
| 2 | 1,600 | – | 0/0 | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2179 W Brownwood Ave | $1,649,000 | – | – | – | Active |
| 2166 W Alameda Ave | $1,595,000 | – | – | – | Active |
| 3046 W Coolidge | $1,650,000 | – | – | – | Active |
| 7581 Fillmore | $1,650,000 | – | – | – | Active |
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This listing information is up-to-date as of April 13, 2026. For the most current information, please contact Erik Kaiser, (949) 244-8394.