18140 Poinciana RD new Save Request In-Person Tour Request Virtual Tour
Adelanto,CA 92301
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $191
MLS Listing ID IV25081788
Bedrooms 8
Full Baths 5
Year Built 1986
Lot Size 8,685 Sqft
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 $640,000, 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 3,338 rentable 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 7.35% pro forma CAP rate. With a current CAP of 6.34% and pro forma GRM of 9.13, this property provides strong fundamentals with room for rent growth. Operating expenses are efficient at 30–32%, and tenants pay their own utilities (gas/electric).
Location
State CA
County San Bernardino
Area Adl - Adelanto
Interior
Cooling Central Air
Fireplaces Type See Remarks
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Rural
View Y/N Yes
View Desert
Building
Lot Description 2-5 Units/Acre
Dwelling Type Quadruplex
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Adelanto
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition Standard