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15705 Tern Rd - Single Family Triplex Portfolio 5,967 SF Specialty Building Offered at $1,860,489 CAD 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$148,839
|
$24.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,442
|
$1.25
|
| Effective Gross Income |
$141,397
|
$23.70
|
| Taxes |
$22,657
|
$3.80
|
| Operating Expenses |
$13,667
|
$2.29
|
| Total Expenses |
$36,324
|
$6.09
|
| Net Operating Income |
$105,074
|
$17.61
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $148,839 |
| Annual Per SF | $24.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,442 |
| Annual Per SF | $1.25 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $141,397 |
| Annual Per SF | $23.70 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,657 |
| Annual Per SF | $3.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,667 |
| Annual Per SF | $2.29 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,324 |
| Annual Per SF | $6.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $105,074 |
| Annual Per SF | $17.61 |
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 | $1,436,062 CAD (2025) |
| Land Assessment | $319,294 CAD (2025) | Annual Taxes | $22,657 CAD ($3.80 CAD/SF) |
| Improvements Assessment | $1,116,768 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
3106-211-21
Land Assessment
$319,294 CAD (2025)
Improvements Assessment
$1,116,768 CAD (2025)
Total Assessment
$1,436,062 CAD (2025)
Annual Taxes
$22,657 CAD ($3.80 CAD/SF)
Tax Year
2026
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15705 Tern Rd - Single Family Triplex Portfolio
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