15705 Tern Rd - Multi-Family FOR SALE


Victorville, CA 92394
$1,425,000 USD
714-423-3819
15705 Tern Rd, Victorville, CA for Sale
$1,425,000 USD
Multi-Family - FOR SALE
1/5
null | 5.26% Cap Rate

15705 Tern Rd
Victorville, CA 92394


HIGHLIGHTS

  • Strong yield with a current CAP Rate of 4.85% with a Pro Forma CAP Rate of 5.26% achievable through market rent adjustments.
  • Current GRM of 14.05 with a Pro Forma GRM of 13.19.
  • Triplex situated on a 0.5 acre lot with approximately 5,967 rentable SF.
  • Attractive Unit Mix: (3) 4B3B Units

OVERVIEW

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 5.26% ProForma CAP rate and 13.19 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

$1,425,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

3

PRICE/UNIT

$475,000

CAP RATE

5.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Family Triplex Portfolio

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

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.