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
HOA Y/N No
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
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
Attached Garage Yes
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