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).
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
Est.:
Quadruplex
Built in 1986
-- sqft lot
$-- Zestimate®
$210/sqft
$-- HOA
What's special
Spacious units
- 159 days |
- 161 |
- 9 |
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