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12667 Michigan St
Grand Terrace, CA 92313
Land For Sale
·
4.47 AC
Executive Summary
APN: 1167-281-01-0000
SALE PRICE: $4,500,000 ($1,006,711 per acre)
SALE TYPE: Sale or lease available, suited for investment or owner/user
LOT SIZE: 4.47 acres, 1 lot
PROPERTY TYPE: Land with an existing leasehold building
PROPOSED USE: Multi-family housing
OVERVIEW
This is a 4.47-acre, low-slope, flat, rectangular development site (excluding a small lot at the southwest corner not included in the sale). The property includes a leasehold interest in an approximately 4,100 SF masonry church building (built 1967) that runs with the land and can produce income during the hold or entitlement period.
ZONING AND ENTITLEMENT STATUS
The parcel is currently zoned R-1. The City has approved the first step toward a zoning increase to R3-40. A second reading of the ordinance and a statutory waiting period remain before the change takes legal effect, but the process has been formally initiated. Grand Terrace has very little remaining undeveloped land, making this a rare opportunity for a multi-family project of scale. Buyer is responsible for their own due diligence and independent verification of zoning, entitlement status, and any other factors affecting project feasibility.
UTILITIES
Public water and public sewer service, plus electricity, gas, cable, telephone, and irrigation, are all available at the site. No issues are anticipated in securing the required utility services for a multi-family project.
LOCATION HIGHLIGHTS
Desirable Grand Terrace location
Low crime and good schools
Easy access to freeway and local urban centers
Adjacent to Loma Linda, home to a major medical center and university
FOR ALL INQUIRIES: Please contact Darryl (626) 827-4496
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 4.47 AC |
| Zoning | R1 - R-1 now, but in process of upzoning to R3-40 | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 4.47 AC |
| Zoning | R1 - R-1 now, but in process of upzoning to R3-40 |
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 4.47 AC |
| Price Per AC | $1,006,711.41 |
| Price | $4,500,000 |
| Price Per AC | $1,006,711.41 |
| Lot Size | 4.47 AC |
4.47-acre level, flat development site in Grand Terrace with a rare R3-40 upzoning underway. Includes income-producing ~4,100 SF church leasehold. All utilities to site. One of the last large parcels in this submarket.
Description
12667 Michigan St, Grand Terrace, CA 92313 is a rare 4.47-acre, level and flat development site positioned in a supply-constrained submarket with very little remaining undeveloped land. The parcel is rectangular in shape, with the exception of a small lot at the southwest corner that is not part of the offering. The site currently carries R-1 zoning, and the City has already taken the first step toward approving an increase to R3-40. A second reading of the ordinance and a waiting period remain before the change becomes law, but the process is underway, positioning this as one of the few opportunities in Grand Terrace for a future multi-family project of meaningful scale. In addition to the raw land, the offering includes a leasehold interest in an approximately 4,100 SF masonry church building, built in 1967, that runs with the land, an asset that can generate income during a hold or entitlement period. Public water and sewer, plus electricity, gas, cable, telephone, and irrigation, are already at the site, with no anticipated issues in obtaining the required services. Grand Terrace is a charming, low-rise bedroom community known for low crime and good schools. The property offers easy freeway access and sits next to Loma Linda, home to a major medical center and university, placing future residents close to employment, healthcare, and education. With upzoning to R3-40 in process, all utilities in place, an income-producing improvement on site, and almost no comparable land available in the City, this parcel is a rare find for a developer, investor, or owner/user looking to build multi-family housing in the Inland Empire. Buyer is responsible for their own independent review and verification of zoning and any other factors affecting the feasibility and completion of a project on this site.
Property Taxes
| Parcel Number | 1167-281-01 | Improvements Assessment | $113,782 |
| Land Assessment | $853,373 | Total Assessment | $967,155 |
Property Taxes
