18140 Poinciana Road, Adelanto, CA 92301
- $650,000
- 8
- BD
- 5
- BA
- 3,338
- SqFt
- Sold Price
- $650,000
- List Price
- $700,000
- Closing Date
- Dec 18, 2025
- Status
- CLOSED
- MLS#
- IV25081788
- Year Built
- 1986
- Bedrooms
- 8
- Bathrooms
- 5
- Living Sq. Ft
- 3,338
- Lot Size
- 8,687
- Acres
- 0.20
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 167
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
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).
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Additional Information
- Pool Description
- None
- Fireplace Description
- See Remarks
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Desert
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- School District
- Adelanto
- Attached Structure
- Attached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: DARREN CORREA (darren.correa@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.
Listing sold by SANDY HERNANDEZ from CENTURY 21 SYNERGIA REALTY
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.