Duplex with
For Sale
$333,000
15720 Mojave Drive, Victorville, CA 92394
Victorville, CA
Property Size1,316 SF
Lot Size0.42 Acres
Price / SF$253.04
Days on Market78
Property Features for 15720 Mojave Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Kitchen, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Laundry Room, Bedroom 2
Fireplace
1
Lot features
Corner Lot, 0-1 Unit/ Acre, Level, Lot 10000-19999 Sqft
View
Desert
Elementary school district
Victor Valley Unified
Middle school district
Victor Valley Unified
High school district
Victor Valley Unified
Directions
15 Freeway/Mojave Dr
Subdivision
VIC - Victorville
Standard status
Active
APN
0395138040000
Size
1,316 SF
Lot size
0.42 Acres
Utilities
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
1
Roof type
Composition
Listing Agency:
CENTURY 21 EXPERIENCE · Century 21 Real Estate
(909) 373-4400
Listed By:
Tammy Safi · License #01487966
(909) 373-4405
Added: Jun 6
Changed: Aug 19
Last Checked: Aug 22 at 8:06PM
MLS# CV26123448
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex at 15720 Mojave Drive in Victorville sits on a 0.4155-acre lot and includes 1,316 square feet of living area. Built in 1957, the property has public water and a composition roof. A fireplace is listed as present.
The parcel is described as having dual zoning with both residential and commercial initiative. The property is located off the 15 FWY and Mojave Dr.
Interior room listings include a kitchen, four bedrooms, two bathrooms, and a laundry room. The property is described as a fixer upper, which may appeal to buyers looking for renovation opportunities within the existing duplex layout.
The parcel is described as having dual zoning with both residential and commercial initiative. The property is located off the 15 FWY and Mojave Dr.
Interior room listings include a kitchen, four bedrooms, two bathrooms, and a laundry room. The property is described as a fixer upper, which may appeal to buyers looking for renovation opportunities within the existing duplex layout.
Key Highlights
- 0.4155‑acre lot and 1,316 SF duplex at 15720 Mojave Drive
- Built in 1957 with a composition roof
- Public water service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$303,900
$303.9K
Cap Rate 7%
$217,071
$217.1K
Cap Rate 9%
$168,833
$168.8K
Market Conditions
NOI Build-Up for 1,316 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.9K $17.40/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$21.7K $16.50/SF
− OpEx
−$6.5K −$4.95/SF
NOI
$15.2K $11.55/SF
Area
Victorville, CA
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$303,900
Cap Rate 7%
$217,071
Cap Rate 9%
$168,833
Alternative Uses
Best Use
Multifamily LT 5
$217.1K
$189.9K – $253.3K
NOI $15,195 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$189.8K
$166.1K – $221.4K
NOI $13,285 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$278.8K
$244.0K – $325.3K
NOI $19,516 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 92394, CA
41,057
Population
10,217
Households
4
Avg Household Size
32
Median Age
13%
College-Educated
76%
High-School Grad
32.0 sq mi
ZIP Area
1,283
Density / Sq Mi
$75,430
Median Household Income
$37,532
Median Earnings
$1,564
Median Rent
$340,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 1957 with public water, composition roof, and fireplace.
Where is this duplex located?
The property is located at 15720 Mojave Drive Victorville, CA.
What is the asking price?
The asking price for this property is $333,000.
What are key features of this property?
This property features: 0.4155‑acre lot and 1,316 SF duplex at 15720 Mojave Drive; Built in 1957 with a composition roof; Public water service
