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15705 Tern Rd - Single Family Triplex Portfolio 5,967 SF Specialty Building Offered at $1,770,637 CAD 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$152,983
|
$25.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,119
|
$1.03
|
| Effective Gross Income |
$146,864
|
$24.61
|
| Taxes |
$21,564
|
$3.61
|
| Operating Expenses |
$12,182
|
$2.04
|
| Total Expenses |
$33,746
|
$5.66
|
| Net Operating Income |
$113,118
|
$18.96
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $152,983 |
| Annual Per SF | $25.64 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,119 |
| Annual Per SF | $1.03 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $146,864 |
| Annual Per SF | $24.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,564 |
| Annual Per SF | $3.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,182 |
| Annual Per SF | $2.04 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,746 |
| Annual Per SF | $5.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $113,118 |
| Annual Per SF | $18.96 |
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 | $1,484,873 CAD (2025) |
| Land Assessment | $330,146 CAD (2025) | Annual Taxes | $21,564 CAD ($3.61 CAD/SF) |
| Improvements Assessment | $1,154,726 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
3106-211-21
Land Assessment
$330,146 CAD (2025)
Improvements Assessment
$1,154,726 CAD (2025)
Total Assessment
$1,484,873 CAD (2025)
Annual Taxes
$21,564 CAD ($3.61 CAD/SF)
Tax Year
2026
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15705 Tern Rd - Single Family Triplex Portfolio
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