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
$ 640,000
Est. payment /mo
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18140 Poinciana Road Adelanto, CA 92301

8 Beds

5 Baths

3,338 SqFt

UPDATED:

Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 3,338 sqft

Price per Sqft $191

MLS Listing ID IV25081788

Style All Other Attached

Bedrooms 8

Full Baths 5

HOA Y/N No

Year Built 1986

Lot Size 8,687 Sqft

Acres 0.1994

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 $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 $70,080offering 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 3032%, and tenants pay their own utilities (gas/electric).
Welcome to 18140 Poinciana Rda 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 $70,080offering 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 3032%, and tenants pay their own utilities (gas/electric).

Location

State CA

County San Bernardino

Area Adelanto (92301)

Interior

Cooling Central Forced Air

Fireplaces Type Other/Remarks

Exterior

Garage Spaces 4.0

View Desert

Total Parking Spaces 4

Building

Story 2

Lot Size Range 7500-10889 SF

Sewer Public Sewer

Water Public

Level or Stories 2 Story

Others

Monthly Total Fees $19

Miscellaneous Rural

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

San Diego Regional MLS (SDMLS)
Listed by DARREN CORREA • LE INVESTMENT GROUP
agent

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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18140 Poinciana Road

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