15705 Tern Rd - Residential Income FOR SALE


Victorville, CA 92394
$1,250,000 USD
714-423-3819
15705 Tern Rd, Victorville, CA for Sale
$1,250,000 USD
Residential Income - FOR SALE
1/5
null | 6.39% Cap Rate

15705 Tern Rd
Victorville, CA 92394


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.
  • Current GRM of 12.33 with a Pro Forma GRM of 11.57.
  • Triplex situated on a 0.5 acre lot with approximately 5,967 rentable SF.
  • Attractive Unit Mix: (3) 4B3B Units

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.39%

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Family Triplex Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,798 SF

ZONING

R1

APN/PARCEL ID

3106-211-21

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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Anthony LeLe Investment GroupMore Info
714-423-3819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.