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$700,000

Est. payment - /mo

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6 Beds

4 Baths

Active

18140 Poinciana Road Adelanto, CA 92301

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Richard Combs

[email protected] +1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25084672

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

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

Zoning Public Rec

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

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 0459491350000

Listed by DARREN CORREA LE INVESTMENT GROUP

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

18140 Poinciana Road Adelanto, CA 92301

Richard Combs

Key Details

Location

Interior

Exterior

Building

Others

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18140 Poinciana Road