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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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229 S Delano Anaheim, CA 92804
$1,750,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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 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.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active Under Contract
MLS# OC25275804
List price is $1,750,000 Reduced by $100,000 on 1/30/2026
HOA Fee is $0.00
Beds: 0
Baths: 0
Living Room fireplaces
Built in 1968
2 stories
0.18 acres
Lot size: 0.1800
Subdivision: S of Lincoln Ave. W of Beach Blvd.
County: Orange
Property style: Traditional
Construction: Frame,Stucco
Appliances: Dishwasher,Disposal,Gas Oven,Water Heater
Parking description: On Street
Lot description: Cul-De-Sac,Sprinkler System,Yard
Heating/cooling: Central Air,Wall/Window Unit(s)
Heating description: Central,Wall Furnace
MLS area: 79 - Anaheim West of Harbor

Last Updated: 4/13/2026

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This listing belongs to the 79 - Anaheim West of Harbor MLS area

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The style of this listing is Traditional.
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Lat/Long: 33.828785, -117.996483.
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Listing Agent: Erik Kaiser
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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