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.
lease term
Month-to-month4,357 Sq Ft
7,841 Sq Ft Lot Size
Investment
Built in 1968
MLS/Listing ID OC25275804
2 Stories
4 Units
Parking - On Street
Lot - Cul-de-sac
Lot - Sprinkler System
Lot - Yard
Common Area
In Garage
Heating - Wall Furnace
Slab
Carpet
Laminate
Living Room Fireplace
Average Condition
Block
Cooling - Central Air
Cooling - Wall/window unit(s)
Composition
Water Heater
Gas Oven
Disposal
Dishwasher
Style - Traditional
Association - Trash
Association - Maintenance Front Yard
Community - Curbs
Construction - Stucco
Construction - Frame

TOTAL MONTHLY COST
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