229 Delano St, Unit 4

Anaheim, CA 92804

$1,850,000
Price
9
Beds
7
Baths
4,357 Sq. Ft.
$425 / Sq. Ft.
4,357
Sq. Ft.
$425
per Sq. Ft.
front view of house with a yard
swimming pool view with a seating space
a front view of a house with garden
a view of a house with a yard
a view of house with outdoor space
a view of a garden with plants and large trees
a view of a chairs and table in the patio
a view of a house with a yard and potted plants
a front view of a house with garden
a house with trees in front of it
a view of backyard with large trees and plants
a view of a house with a backyard

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...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.
  1. Listed by Erik Kaiser • DRE #01111620 • Brokerage DRE #01451217 • RE/MAX TerraSol • erikfkaiser@gmail.com

Property Details for 229 Delano Street, Unit 4

Architectural Style
Traditional
View
None
Parking Spaces Total
5
Private Pool
No
Cooling Type
Central Air, Wall/Window Unit(s)
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 12/17/2025 03:07 AM

Property Details for 229 Delano Street, Unit 4

StatusActive
MLS #OC25275804
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.18 AC / 7,841 SF
CountyOrange County

Location

Listing Courtesy of RE/MAX TerraSol, Erik Kaiser, DRE #01111620
Add your commute

Building Information for 229 Delano Street, Unit 4

Stories2Residences-Year Built1968Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$9,017 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,017

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 229 Delano Street, Unit 4

Rental Info
Rental Info
  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas, Telephone
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $118,560
  • Gross Scheduled Income: $118,560
  • Vacancy Allowance Rate: 0
  • Net Operating Income: $95,500
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Gross Multiplier: 15.6
  • Cap Rate: 5.36
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $18,938
  • Insurance Expense: $5,078
  • Maintenance Expense: $2,727
  • Professional Management Expense: $7,969
  • Other Expense: $3,759
  • Trash Expense: $0
  • Water Sewer Expense: $2,428
  • Total Expenses: $22,302
Tax / Assessment Info
  • Tax Tract Number: 4230
  • Tax Lot: 13
Community / Development
Community / Development
  • Association Amenities: Trash, Maintenance Front Yard
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Water Heater
  • Equipment: Community, Dishwasher, Garage
  • Room Type: Laundry
  • Laundry: Yes
  • Laundry Features: Community, In Garage
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central, Wall Furnace
  • Heating: Central, Wall Furnace
  • Flooring Type: Carpet, Laminate
  • Flooring: Carpet, Laminate
Exterior Features
  • Construction Materials: Frame, Stucco
  • Exterior Construction: Frame, Stucco
  • Exterior Features: Satellite Dish
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Average Condition, Block
  • Foundation Details: Slab
  • Foundation Details: Slab
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Cul-De-Sac, Sprinkler System, Yard
  • Direction Faces: East
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: No
  • Parking Garage: On street
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Street
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
  • Personal Property Amount: $.00
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,970
  • Unit Type Total Rent: $2,970
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,590
  • Unit Type Total Rent: $2,590
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,375
  • Unit Type Total Rent: $2,375
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,945
  • Unit Type Total Rent: $1,945
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 0
  • Number With Carpet: 0
  • Number With Disposal: 4
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 2

Property History for 229 Delano Street, Unit 4

DateEvent & SourcePriceAppreciation
Dec 15, 2025

Listed (Active)

CRMLS #OC25275804

$1,850,000—
Dec 15, 2025

Listed (Active)

CLAW #OC25275804MR

$1,850,000—
DateEvent & SourcePrice
12/15/2025

Listed (Active)

CRMLS #OC25275804

$1,850,000
12/15/2025

Listed (Active)

CLAW #OC25275804MR

$1,850,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 229 Delano Street, Unit 4

This home is within Anaheim Union High School District.
Rating
School
Type
Grades
Distance
Danbrook Elementary School
Public - K to 6
Orangeview Junior High School
Public - 7 to 8
Western High School
Public - 9 to 12
Cambridge Virtual Academy
Public - 7 to 12
Rating
School
Distance
Danbrook Elementary School
PublicK to 6

Orangeview Junior High School
Public7 to 8

Western High School
Public9 to 12

Cambridge Virtual Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 229 Delano Street, Unit 4, Anaheim, CA 92804

229 Delano Street, Unit 4 is a multi-family home for sale in Anaheim, CA 92804. This property was listed for sale on December 15, 2025 by RE/MAX TerraSol, it's currently listed at $1,850,000. This listing's school districts are Anaheim Union High School District, Centralia Elementary School District. Nearby schools include Danbrook Elementary School, Orangeview Junior High School and Western High School. 229 Delano Street, Unit 4 is a 9-bed, 7-bath, 4,357 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX TerraSol, Erik Kaiser, DRE #01111620

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.