Listing provided courtesy of DARREN CORREA of LE INVESTMENT GROUP. Last updated 2025-08-15 08:07:02.000000. Listing information © 2025 CRMLS.
Asking Price: $700,000
18140 Poinciana, Adelanto CA 92301
Community: ADL - Adelanto
This Quadruplex property was built in 1986 and is priced at $700,000. Please see the additional details below.
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).