CA > Anaheim
Anaheim, CA 92804,229 S Delano
Anaheim, CA 92804,229 S Delano
Anaheim, CA 92804,229 S Delano
13
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$1,850,000
Est. payment /mo
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9 Beds
7,841 Sqft Lot
Active

229 S Delano Anaheim, CA 92804

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25275804

Bedrooms 9

Lot Size 7,841 Sqft

Property Sub-Type Res Income 2-4 Units

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 wel

Location

State CA

County Orange

Zoning Assessor

Direction W. of Beach Blvd. S. of Lincoln

Interior

Cooling Central Forced Air, Wall/Window

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

HOA Fee Include Trash Pickup

Senior Community No

Tax ID 13527121

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by Erik Kaiser RE/MAX TerraSol

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Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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229 S Delano

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