18140 Poinciana RD, Adelanto, CA 92301
$650,000
$700,000
7.1%
Est.Price: ?

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8,685 Sqft Lot

18140 Poinciana RD Adelanto, CA 92301

Est. payment /mo
SOLD DATE : 12/18/2025

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Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IV25084672

Sold Date 12/18/25

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 presenting 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

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Rural

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 0459491350000

Energy Description 1313.0

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Conventional

Special Listing Condition Standard

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Listed by DARREN CORREA LE INVESTMENT GROUP 714-310-2840, DRE #02066621
Bought with SANDY HERNANDEZ CENTURY 21 SYNERGIA REALTY
Jessica Lam

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