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$ 700,000

Est. payment -/mo

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Active Under Contract

18140 Poinciana RD Adelanto, CA 92301

8 Beds

5 Baths

3,338 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,338 sqft

Price per Sqft $209

MLS Listing ID IV25081788

Bedrooms 8

Full Baths 5

HOA Y/N No

Year Built 1986

Property Sub-Type Quadruplex

Property Description

Welcome to 18140 Poinciana Rd—a well-maintained fourplex offering 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

Rooms

Main Level Bedrooms 1

Interior

Cooling Central Air

Fireplaces Type See Remarks

Fireplace Yes

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Rural

View Y/N Yes

View Desert

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Quadruplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Adelanto

Others

Senior Community No

Tax ID 0459491350000

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

Listed by DARREN CORREA LE INVESTMENT GROUP 714-310-2840

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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