$650,000
$700,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
5 Baths
3,338 SqFt
SOLD DATE : 12/18/2025
Key Details
Sold Price $650,000
Property Type Condo
Sub Type All Other Attached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $194
MLS Listing ID IV25081788
Sold Date 12/18/25
Bedrooms 8
Full Baths 5
Year Built 1986
Lot Size 8,687 Sqft
Property Sub-Type All Other Attached
Property Description
Welcome to 18140 Poinciana Rda 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 $70,080offering 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).
Location
State CA
County San Bernardino
Direction Highway 395, west on Rancho Rd, turn right on Bellflower St, then left on Poinciana Rd.
Interior
Cooling Central Forced Air
Fireplaces Type Other/Remarks
Fireplace No
Exterior
Garage Spaces 4.0
View Y/N Yes
Water Access Desc Public
View Desert
Total Parking Spaces 4
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 0459491350000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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Bought with SANDY HERNANDEZ CENTURY 21 SYNERGIA REALTY
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