Property Details
About this Property
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 15.60 with a Cap Rate of approximately 5.36%, 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
MLS Listing Information
MLS #
CROC25275804
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Appliances
Dishwasher, Garbage Disposal, Oven - Gas
Flooring
Laminate
Laundry
Community Facility
Cooling
Central Forced Air, Window/Wall Unit
Heating
Central Forced Air, Wall Furnace
Exterior Features
Roof
Composition
Foundation
Slab
Pool
None
Style
Traditional
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 5 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 950 | – | 0/0 | – |
| 2 | 1,600 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
229 S Delano is a Residential Income in Anaheim, CA 92804. This – square foot property sits on a 7,841 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,850,000 and was built in 1968. This address can also be written as 229 S Delano, Anaheim, CA 92804.
©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of December 16, 2025. For the most current information, please contact Erik Kaiser, (949) 244-8394
