Log In/Sign Up
Your email has been sent.
15705 Tern Rd - Single Family Triplex Portfolio 3 Unit Apartment Building Offered at $1,425,000 at a 5.26% Cap Rate Victorville, CA 92394
Investment Highlights
- Strong yield with a current CAP Rate of 4.85% with a Pro Forma CAP Rate of 5.26% achievable through market rent adjustments.
- Triplex situated on a 0.5 acre lot with approximately 5,967 rentable SF.
- Current GRM of 14.05 with a Pro Forma GRM of 13.19.
- Attractive Unit Mix: (3) 4B3B Units
Executive Summary
A well-maintained, three (3) SFR investment portfolio totaling 5,967 rentable square feet, located in a quiet residential neighborhood. Built in 2006, the property consists of three (3) spacious 4-bedroom, 3-bathroom homes totaling 5,967 rentable square feet on a 0.5-acre lot, with a single APN currently eligible for future division into three separate parcels, adding future flexibility and value potential. The asset offers a 5.26% ProForma CAP rate and 13.19 GRM through legal annual rent increases, supported by strong in-place rents, long-term tenants, and a clean, turnkey, financeable profile ideal for both private and 1031 exchange buyers.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,000
|
$18.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,400
|
$0.90
|
| Effective Gross Income |
$102,600
|
$17.19
|
| Taxes |
$17,354
|
$2.91
|
| Operating Expenses |
$10,230
|
$1.71
|
| Total Expenses |
$27,584
|
$4.62
|
| Net Operating Income |
$75,016
|
$12.57
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $18.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,400 |
| Annual Per SF | $0.90 |
| Effective Gross Income | |
|---|---|
| Annual | $102,600 |
| Annual Per SF | $17.19 |
| Taxes | |
|---|---|
| Annual | $17,354 |
| Annual Per SF | $2.91 |
| Operating Expenses | |
|---|---|
| Annual | $10,230 |
| Annual Per SF | $1.71 |
| Total Expenses | |
|---|---|
| Annual | $27,584 |
| Annual Per SF | $4.62 |
| Net Operating Income | |
|---|---|
| Annual | $75,016 |
| Annual Per SF | $12.57 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer Hookup
- Heating
- Kitchen
- Tub/Shower
- Yard
- Attic
- Dining Room
- Family Room
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 3 | $3,000 | 5,967 |
1 1
Property Taxes
| Parcel Number | 3106-211-21 | Total Assessment | $1,046,326 (2025) |
| Land Assessment | $232,640 (2025) | Annual Taxes | $17,354 ($2.91/SF) |
| Improvements Assessment | $813,686 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
3106-211-21
Land Assessment
$232,640 (2025)
Improvements Assessment
$813,686 (2025)
Total Assessment
$1,046,326 (2025)
Annual Taxes
$17,354 ($2.91/SF)
Tax Year
2026
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
15705 Tern Rd - Single Family Triplex Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.