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15705 Tern Rd - Single Family Triplex Portfolio 5,967 SF Specialty Building Offered at $1,350,000 at a 5.62% Cap Rate in Victorville, CA 92394
Investment Highlights
- Strong yield with a current CAP Rate of 5.18% with a Pro Forma CAP Rate of 5.62% achievable through market rent adjustments.
- Triplex situated on a 0.5 acre lot with approximately 5,967 rentable SF.
- Current GRM of 13.31 with a Pro Forma GRM of 12.50.
- Attractive Unit Mix: (3) 4B3B Units
Executive Summary
RECENT $75,000 PRICE REDUCTION. A well-maintained, fully occupied, 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 5.62% ProForma CAP rate and 12.50 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 |
$16,440
|
$2.76
|
| Operating Expenses |
$9,917
|
$1.66
|
| Total Expenses |
$26,357
|
$4.42
|
| Net Operating Income |
$76,243
|
$12.78
|
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 | $16,440 |
| Annual Per SF | $2.76 |
| Operating Expenses | |
|---|---|
| Annual | $9,917 |
| Annual Per SF | $1.66 |
| Total Expenses | |
|---|---|
| Annual | $26,357 |
| Annual Per SF | $4.42 |
| Net Operating Income | |
|---|---|
| Annual | $76,243 |
| Annual Per SF | $12.78 |
Property Facts
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 3106-211-21 | Total Assessment | $1,046,326 (2025) |
| Land Assessment | $232,640 (2025) | Annual Taxes | $16,440 ($2.76/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
$16,440 ($2.76/SF)
Tax Year
2026
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15705 Tern Rd - Single Family Triplex Portfolio
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