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$1,250,000
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Property Description
HUGE $100,000 PRICE REDUCTION. Motivated Seller! A well-maintained, three (3) SFR investment portfolio 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 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.
Full Property Details
Full Property Details for 15705 Tern Rd
General
- Sold For: $1,250,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: IV26041261
- Added to Site: 241 day(s) ago
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
- Parking Features: Garage, Driveway
- Parking: Garage, Driveway
Location
- Area: VIC - Victorville
- County: San Bernardino
- Development Name: VIC - Victorville
- Driving Directions: 15705 Tern Road Victorville, CA 92394
Utilities
- Sewer: Other
- Water: Other
- # Water Meters: 3
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Entry Location: Ground
- Square Feet: 5,967
- Year Built: 2006
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 4
Unit 2
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 4
Unit 3
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 0.5
- Lot Size Source: Public Records
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $209.49
- Price Per Unit: 416667
Listed by Le Investment Group, ALBERT LE
Sold by Rosalva Olivarria, Broker, Rosalva Olivarria
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Schools
Schools serving 15705 Tern Rd
| Name | Grades | Distance |
|---|---|---|
Village Elementary School, Victorville, CA 14711 Mojave Dr., Victorville, CA 92395 | K-6 | 1.1 mi |
Puesta Del Sol Elementary School 15887 Academy Street, Victorville, CA 92394 | K-6 | 1.2 mi |
Challenger School Of Sports And Fitness 14777 Hopland Street, Victorville, CA 92394 | K-6 | 1.5 mi |
Imogene Garner Hook Junior High School 15000 Hook Boulevard, Victorville, CA 92394 | 7-8 | 0.9 mi |
Victor Valley High School 16500 Mojave Drive, Victorville, CA 92395 | 9-12 | 1 mi |
West Palms Conservatory School 14375 Del Gado Road, Victorville, CA 92392 | K-6 | 1.5 mi |
Dr. Ralph H. Baker 21st Century Learning Center 15456 El Evado Road, Victorville, CA 92394 | K-6 | 1.5 mi |
Brentwood Elementary School 13962 Hook Blvd., Victorville, CA 92395 | K-6 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15705 Tern Rd
Date
Details
Price
Change
Source
10/07/2026
Sold
$1,250,000
—
MLS
7/01/2026
Price Reduced
$1,250,000
-7.41%
MLS
4/06/2026
Price Reduced
$1,350,000
-5.26%
MLS
2/24/2026
Listed
$1,425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
15705 Tern Road, Victorville, CA 92394 (MLS# IV26041261) is a Multi-Family property that was sold at $1,250,000 on October 07, 2026. Want to learn more about 15705 Tern Road? Do you have questions about finding other Multi-Family real estate for sale in Victorville? You can browse all Victorville real estate or contact a Coldwell Banker agent to request more information.

