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15705 Tern Rd - Single Family Triplex Portfolio 3 Unit Apartment Building Offered at $1,868,535 CAD at a 5.62% Cap Rate 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, 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$149,483
|
$25.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,474
|
$1.25
|
| Effective Gross Income |
$142,009
|
$23.80
|
| Taxes |
$22,755
|
$3.81
|
| Operating Expenses |
$13,726
|
$2.30
|
| Total Expenses |
$36,481
|
$6.11
|
| Net Operating Income |
$105,528
|
$17.69
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $149,483 |
| Annual Per SF | $25.05 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,474 |
| Annual Per SF | $1.25 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $142,009 |
| Annual Per SF | $23.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,755 |
| Annual Per SF | $3.81 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,726 |
| Annual Per SF | $2.30 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,481 |
| Annual Per SF | $6.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $105,528 |
| Annual Per SF | $17.69 |
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 | $4,152 CAD | 5,967 |
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 | $1,448,220 CAD (2025) |
| Land Assessment | $321,997 CAD (2025) | Annual Taxes | $22,755 CAD ($3.81 CAD/SF) |
| Improvements Assessment | $1,126,223 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
3106-211-21
Land Assessment
$321,997 CAD (2025)
Improvements Assessment
$1,126,223 CAD (2025)
Total Assessment
$1,448,220 CAD (2025)
Annual Taxes
$22,755 CAD ($3.81 CAD/SF)
Tax Year
2026
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15705 Tern Rd - Single Family Triplex Portfolio
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