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 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.
Property Details
Price:
$1,850,000
MLS #:
OC25275804
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
79anaheimwestofharbor
Listed Date:
Dec 17, 2025
Total Sq Ft:
4,357
Lot Size:
7,841 sqft / 0.18 acres (approx)
Year Built:
1968
See this Listing
Schools
Interior
Appliances
DW, GD, GO, WHU
Cooling
CA, WW
Flooring
LAM, CARP
Heating
WL, CF
Laundry Features
CM, IG
Exterior
Architectural Style
TRD
Community Features
CRB
Construction Materials
STC, FRM
Exterior Features
TS
Parking Spots
5
Roof
CMP
Financial
Maintenance Fee
$2,727
Map
Community
- Address229 S Delano #4 Anaheim CA
- SubdivisionOther (OTHR)
- CityAnaheim
- CountyOrange
- Zip Code92804
Subdivisions in Anaheim
- Act II ACT2
- Anaheim Crest ANCR
- Anaheim Gardens ANGR
- Anaheim Hills Estates ANHI
- Anaheim Shores ANSH
- Anaheim West Townhomes ANWS
- Brookhurst Village Condos BRVL
- Cameron CAMR
- Camrosa CMRO
- Cape Cod Village CPCD
- Carbon Creek CRCK
- Evergreen Village EVRG
- Monaco MONC
- Nantucket NANT
- Pepperwood Village PWVL
- Saratoga SRTO
- Stanford Court STCT
- Summit Park SMPK
- Summit Pointe SMPT
- Sutter Creek Townhomes SUCR
- Village Green VLGR
- Village Homes VILH
- Westridge WSTR
- Windwood WNWD
Market Summary
Current real estate data for Single Family in Anaheim as of Jan 11, 2026
137
Single Family Listed
39
Avg DOM
324
Avg $ / SqFt
$674,963
Avg List Price
Property Summary
- Located in the Other (OTHR) subdivision, 229 S Delano #4 Anaheim CA is a Single Family for sale in Anaheim, CA, 92804. It is listed for $1,850,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1968. The average price per square foot for Single Family listings in Anaheim is $324. The average listing price for Single Family in Anaheim is $674,963.
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229 S Delano #4
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