18140 Poinciana Road, Adelanto, CA 92301 - Photo 1

1/1

$650,000

Sold
Closed
Multi-Family

1/1

Property Description

Welcome to 18140 Poinciana Rd-a well-maintained fourplex presenting 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).

Full Property Details

Full Property Details for 18140 Poinciana Rd

General

Sold For: $650,000
Status: Closed
Type: Multi-Family
Source: MRMLS
MLS ID: IV25084672
Added to Site: 279 day(s) ago

Rooms

Other Rooms

Laundry: None

Additional Information

Pool Description: None

Parking

Garage Spaces: 4

Location

Area: ADL - Adelanto
County: San Bernardino
Development Name: ADL - Adelanto
Driving Directions: From Highway 395, head west on Rancho Rd, turn right on Bellflower St, then left on Poinciana Rd. Property will be on the left.

Utilities

Sewer: Public Sewer
Water: Public
# Water Meters: 1
# Gas Meters: 5
# Electric Meters: 5

Structural Information

Entry Location: 1
Square Feet: 3,338
Year Built: 1986

Unit Information

Unit 1

Number of Units: 1
Total Bathrooms: 1
Bedrooms: 1

Unit 2

Number of Units: 2
Total Bathrooms: 1
Bedrooms: 2

Unit 3

Number of Units: 1
Total Bathrooms: 2
Bedrooms: 3

Lot Features

Lot Size (Acres): 0.1994
Lot Size Source: Assessor
Lot Description: 2-5 Units/Acre

Financial Considerations

Price Per Sq. Ft.: $194.73
Price Per Unit: 175000

Listed by Le Investment Group, DARREN CORREA
Sold by Century 21 Synergia Realty, SANDY HERNANDEZ

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Listing agent

— 18140 Poinciana Rd —

DARREN CORREA

Le Investment Group

714-310-2840

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NMLS#: 1598647

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Schools

Schools serving 18140 Poinciana Rd

School Districts:Victor Valley Union High School District (9-12), Adelanto Elementary School District

Name	Grades	Distance
Westside Park Elementary School 18270 Casaba Road, Adelanto, CA 92301	K-5	0.2 mi
Mesa Linda Middle School 13001 Mesa Linda Avenue, Victorville, CA 92392	6-8	6.9 mi
Adelanto High School 15620 Joshua St., Adelanto, CA 92392	9-12	3.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 18140 Poinciana Rd

Date

Details

Price

Change

Source

12/18/2025

Sold

$650,000

-7.14%

MLS

5/21/2025

Price Increased

$700,000

9.38%

MLS

4/17/2025

Listed

$640,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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18140 Poinciana Rd, Adelanto, CA 92301 - Photo 1

Sold

$650,000