Homes for sale - 229 S Delano #4, Anaheim, CA 92804

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Beverly & Hector Team

team@bh-realtor.com +1(626) 922-9910

$1,850,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision S Of Lincoln Ave. W Of Beach Blvd.

MLS Listing ID OC25275804

HOA Y/N No

Rental Info Month To Month

Year Built 1968

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County Orange

Area 79 - Anaheim West Of Harbor

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Laminate

Fireplaces Type Living Room

Equipment Satellite Dish

Fireplace Yes

Appliance Dishwasher, Disposal, Gas Oven, Water Heater

Laundry Common Area, In Garage

Exterior

Parking Features On Street

Garage Spaces 5.0

Garage Description 5.0

Fence Average Condition, Block

Pool None

Community Features Curbs

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Amenities Available Maintenance Front Yard, Trash

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 5

Private Pool No

Building

Lot Description Cul-De-Sac, Sprinkler System, Yard

Faces East

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 13527121

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Erik Kaiser RE/MAX TerraSol erikfkaiser@gmail.com

+1(626) 922-9910

team@bh-realtor.com

1411 S Diamond Bar Blvd, Diamond Bar, CA, 91765, USA

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229 S Delano #4 Anaheim, CA 92804