Millman Team Real Estate

$700,000
8 Bed
5 Bath
3,338 Sqft
0.20 Acre Lot

18140 Poinciana Road, Adelanto, California 92301

  • Residential Property Type
  • 3,338 Sqft Square Footage
  • 1986 Year Built
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).

Basic Details
Residential
For Sale
IV25081788
$700,000
Desert
8
5
3,338 Sqft
1986
0.20 Acre
Active
5
1
Quadruplex
Features
: None
: Central Air
: See Remarks
: None
: Public Sewer
$0
Address Map
CA
San Bernardino
Adelanto
92301
Poinciana
18140
Road
W118° 34' 30.5''
N34° 34' 48.5''
Highway 395, west on Rancho Rd, turn right on Bellflower St, then left on Poinciana Rd.
ADL - Adelanto
Neighborhood
Adelanto
Additional Information
$0
$0
$0
$0
$0
1
: Rural
1
4.0
: Two
: 2-5 Units/Acre
4
2025-04-14
640000
2
2
: Public
Broker/Agent Information
LE INVESTMENT GROUP
DARREN CORREA
Listing Information
IVCORRDAR
IVLEIN
Cash, Conventional, FHA
Active
2025-09-17T12:13:37Z
CRMLS
: Standard
2025-05-21T11:11:34Z
Agent info
Ray Millman
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