For sale
  • Listing Provided by: 

    DARREN CORREA DRE #02066621 714-310-2840,

    LE INVESTMENT GROUP

    $700,000

    18140 Poinciana Rd, Adelanto, CA 92301

    8beds
    3,338sqft
    : 
    Quadruplex
    Built in 1986
    -- sqft lot
    $-- Zestimate®
    $210/sqft
    $-- HOA

    What's special

    Spacious units
    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).
    159 days
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    161
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