$650,000
$700,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
8,687 Sqft Lot
SOLD DATE : 12/18/2025
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV25084672
Sold Date 12/18/25
Bedrooms 6
Lot Size 8,687 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 18140 Poinciana Rda 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 $70,080offering 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
Zoning Public Rec
Direction From Highway 395, head west on Rancho Rd, turn right on Bellflower St, then left on Poinciana Rd. Property will be on the left.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 0459491350000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Bought with SANDY HERNANDEZ CENTURY 21 SYNERGIA REALTY
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