Adelanto, CA 92301,18140 Poinciana Road
Adelanto, CA 92301,18140 Poinciana Road
Adelanto, CA 92301,18140 Poinciana Road
Listed by DARREN CORREA • LE INVESTMENT GROUP
$650,000
Est. payment /mo
Est.Price: ?

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3,338 SqFt
SOLD DATE : 12/18/2025

Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,338 sqft

Price per Sqft $194

MLS Listing ID IV-25084672

Year Built 1986

Lot Size 8,687 Sqft

Property Sub-Type Quadruplex

Property Description

Welcome to 18140 Poinciana Rd—a well-maintained fourplex presenting immediate cash flow and upside potential in the fast-growing High Desert region. Priced at$700,000, this two-story building consists of four spacious units: one 3-bed/2-bath, two 2-bed/1-bath, and one 1-bed/1-bath, totaling approximately 3,338rentable square feet on a 0.20-acre lot. Current rents generate a Gross Scheduled Income of $61,236 annually with market rents projected at $70,080—offering an attractive path to a 6.63% pro forma CAP rate. With a current CAP of 5.83% and pro forma GRM of 9.99, this property provides strong fundamentals with room for rent growth. Operating expenses are efficient at 32%, and tenants pay their own utilities (gas/electric).

Location

State CA

County San Bernardino

Area Adl - Adelanto

Interior

Laundry None

Exterior

Garage Spaces 4.0

Pool None

Community Features Rural

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

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Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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