CA > Adelanto
Adelanto, CA 92301,18140 Poinciana Road
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Adelanto, CA 92301,18140 Poinciana Road
Adelanto, CA 92301,18140 Poinciana Road
Adelanto, CA 92301,18140 Poinciana Road
Adelanto, CA 92301,18140 Poinciana Road
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 700,000
Est. payment /mo
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Active Under Contract

18140 Poinciana Road Adelanto, CA 92301

8 Beds

5 Baths

3,338 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active Under Contract

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

Lot Size 8,687 Sqft

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 Highway 395, west on Rancho Rd, turn right on Bellflower St, then left on Poinciana Rd.

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

Total Parking Spaces 4

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 0459491350000

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by DARREN CORREA LE INVESTMENT GROUP
Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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18140 Poinciana Road

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