Duplex Fixer-Upper with Dual
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 Market81
Property Features for 15720 Mojave Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Kitchen, Bathroom 2, Laundry Room, Bedroom 3
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 25
Last Checked: Aug 25 at 10:06AM
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 property includes 1,316 square feet on a 0.4155-acre parcel and is offered as a fixer-upper requiring renovation. The layout includes four bedrooms, two bathrooms, a kitchen, and a laundry room, with a fireplace as an additional interior feature. Built in 1957, the property has a composition roof and public water service.
The parcel is positioned off I-15 and Mojave Drive in Victorville, California. Residential and commercial zoning initiatives are identified for the site, providing an important land-use consideration for evaluating the property. The address is 15720 Mojave Drive, Victorville, CA 92394.
The parcel is positioned off I-15 and Mojave Drive in Victorville, California. Residential and commercial zoning initiatives are identified for the site, providing an important land-use consideration for evaluating the property. The address is 15720 Mojave Drive, Victorville, CA 92394.
Key Highlights
- Duplex property with 1,316 square feet of building area
- 0.4155‑acre parcel near I‑15 and Mojave Drive
- Residential and commercial zoning initiatives identified
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Residential and commercial zoning designations accompany a renovation project near I-15 and Mojave Drive.
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: Duplex property with 1,316 square feet of building area; 0.4155‑acre parcel near I‑15 and Mojave Drive; Residential and commercial zoning initiatives identified
