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15705 Tern Rd - Single Family Triplex Portfolio 5,967 SF Specialty Building Offered at $1,250,000 at a 6.39% Cap Rate in Victorville, CA 92394
Investment Highlights
- Strong yield with a current CAP Rate of 5.88% with a Pro Forma CAP Rate of 6.39% achievable through market rent adjustments.
- Triplex situated on a 0.5 acre lot with approximately 5,967 rentable SF.
- Current GRM of 12.33 with a Pro Forma GRM of 11.57.
- Attractive Unit Mix: (3) 4B3B Units
Executive Summary
HUGE $100,000 PRICE REDUCTION. Motivated Seller! 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 6.39% ProForma CAP rate and 11.57 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 |
$4,320
|
$0.72
|
| Effective Gross Income |
$103,680
|
$17.38
|
| Taxes |
$15,223
|
$2.55
|
| Operating Expenses |
$8,600
|
$1.44
|
| Total Expenses |
$23,823
|
$3.99
|
| Net Operating Income |
$79,857
|
$13.38
|
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 | $4,320 |
| Annual Per SF | $0.72 |
| Effective Gross Income | |
|---|---|
| Annual | $103,680 |
| Annual Per SF | $17.38 |
| Taxes | |
|---|---|
| Annual | $15,223 |
| Annual Per SF | $2.55 |
| Operating Expenses | |
|---|---|
| Annual | $8,600 |
| Annual Per SF | $1.44 |
| Total Expenses | |
|---|---|
| Annual | $23,823 |
| Annual Per SF | $3.99 |
| Net Operating Income | |
|---|---|
| Annual | $79,857 |
| Annual Per SF | $13.38 |
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 | $15,223 ($2.55/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
$15,223 ($2.55/SF)
Tax Year
2026
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15705 Tern Rd - Single Family Triplex Portfolio
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