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Listed by DARREN CORREA • LE INVESTMENT GROUP
$ 700,000
Est. payment /mo
Active Under Contract
18140 Poinciana Road Adelanto, CA 92301
8 Beds
5 Baths
3,338 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $209
MLS Listing ID CRIV25081788
Bedrooms 8
Full Baths 5
HOA Y/N No
Year Built 1986
Lot Size 8,687 Sqft
Property Sub-Type Detached
Source Datashare California Regional
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$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
Interior
Cooling Central Air
Fireplaces Type See Remarks
Fireplace Yes
Laundry None
Exterior
Garage Spaces 4.0
Pool None
View Other
Private Pool false
Building
Story 2
Water Public
Schools
School District Adelanto
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