16
See all 16 photos
$700,000
Est. payment /mo
8 Beds
5 Baths
3,338 SqFt
Active
18140 Poinciana Road Adelanto, CA 92301
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Key Details
Property Type Multi-Family
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $209
MLS Listing ID IV25081788
Bedrooms 8
Full Baths 5
Year Built 1986
Property Sub-Type All Other Attached
Property Description
Welcome to 18140 Poinciana Rda 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 $70,080offering 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
Direction From Highway 395, head west on Rancho Rd, turn right on Bellflower St, then left on Poinciana Rd. Property will be on the left.
Interior
Cooling Central Forced Air
Fireplaces Type Other/Remarks
Fireplace No
Exterior
Garage Spaces 4.0
View Y/N Yes
Water Access Desc Public
View Desert
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 0459491350000
Special Listing Condition Standard
Listed by DARREN CORREA LE INVESTMENT GROUP
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