18140 Poinciana Road, Adelanto, CA 92301
  • MLS#: IV25081788 ( Quadruplex )
  • Street Address: 18140 Poinciana Road
  • Viewed: 1
  • Price: $700,000
  • Price sqft: $210
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 3338
  • Bedrooms: 8
  • Total Baths: 5
  • Full Baths: 5
  • Garage / Parking Spaces: 4
  • Days On Market: 94
  • Additional Information
  • County: SAN BERNARDINO
  • City: Adelanto
  • Zipcode: 92301
  • District: Adelanto
  • Provided by: LE INVESTMENT GROUP
  • Contact: DARREN DARREN
  • California Regional MLS IDX
  • DMCA Notice
  • 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).
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Features
Assessments
  1. None
Association Fee
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 22
Fireplace Features
  1. See Remarks
Garage Spaces
  1. 4.00
Laundry Features
  1. None
Levels
  1. Two
Living Area Source
  1. Assessor
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
Parcel Number
  1. 0459491350000
Pool Features
  1. None
Postalcodeplus4
  1. 2082
Property Type
  1. Quadruplex
School District
  1. Adelanto
Sewer
  1. Public Sewer
View
  1. Desert
Water Source
  1. Public
Year Built
  1. 1986
Year Built Source
  1. Public Records