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Sold on 12/18/2025
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18140 Poinciana Rd, Adelanto, CA 92301

$650,000

Last sold 12/18/2025 after 248 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 18140 Poinciana Rd

Property type Multi-family
Neighborhood
Year built 1986
HOA fee $0/month
Lot size 8,687 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
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).
Listed by
Listing Agent - DARREN CORREA
Listing Agent Contact: 714-310-2840
Listing Office - LE INVESTMENT GROUP
Source: CRMLS mls logo
MLS#IV25084672 • last updated 10 months ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.1994
Lot Size (SqFt) 8687
Year Built 1986
Interior
Laundry None
Exterior
Building Area Square Feet, 3338
# Parking Spaces 4
# Garage Spaces 4
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County San Bernardino
Community Features Rural
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.
APN 459491350000
Multifamily Details
Expense: Trash 1313
Operating Expense 19288
Expense: Insurance 3000
Total Expenses 19288
Expense: Water/ Sewer 1313
Gross Income 61956
Expense: Electric 1313
Gross Scheduled Income 61236
Expense: Fuel 1313
$625K
Range: $575K-$675K
Last 30 days 
Rental est.: $1,448/month
Gross rent multiplier: 37.4
  • Dec 2025
    mls logo MLS # IV25081788
  • Dec 19, 2025 Sold
    $650,000
  • Dec 9, 2025 Pending
    —
  • Oct 24, 2025 Active
    —
  • May 21, 2025 Listed
    $700,000 (+9.4%)
  • Apr 14, 2025 Listed
    $640,000 (+326.7%)
  • Dec 2025
    mls logo MLS # IV25084672
  • Dec 19, 2025 Sold
    $650,000
  • Dec 9, 2025 Pending
    —
  • Oct 24, 2025 Active
    —
  • May 21, 2025 Listed
    $700,000
  • Apr 14, 2025 Listed
    $640,000
  • Dec 2025
    Public Records
  • Dec 18, 2025 Sold
    $650,000 (-7.1%)
  • Mar 2019
    mls logo MLS # 431316
  • Mar 29, 2019 Sold
    $150,000
  • Oct 30, 2018 Sold
    $150,000
  • Jul 10, 2013 Listed
    $150,000
  • Jul 10, 2013 Listed
    $150,000
  • Sep 2013
    Public Records
  • Sep 18, 2013 Sold
    $150,000
  • Year Property taxes Tax assessment
  • 2025
    $2,184 +7.1%
    $183,879 +2.0%
  • 2024
    $2,039 +1.0%
    $180,273
  • 2023
    $2,020 +1.9%
    $180,273 +4.04%
  • 2022
    $1,983 -5.6%
    $173,274 +2.0%
  • 2021
    $2,100 +1.9%
    $169,876
  • 2020
    $2,061 +0.7%
    $169,876 +1.04%
  • 2019
    $2,047 -1.1%
    $168,134 +2.0%
  • 2018
    $2,070
    $164,837
  • 18140 Poinciana Rd
    $650K
  • North Adelanto
    $319K -13% y/y
  • 92301
    $399K 0% y/y
  • Adelanto
    $399K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Mesa Linda Middle School
public Grades 6-8
Adelanto Elementary School District
4/10
Adelanto High School
public Grades 9-12
Victor Valley Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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