12667 Michigan St , Grand Terrace, CA 92313
$4,500,000
Est. Payment: $22,643.29/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 2
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Rare 4.47-acre, level and flat development site in a supply-constrained submarket with very little remaining undeveloped land in Grand Terrace. The parcel is rectangular in shape, with the exception of a small lot at the southwest corner that is not part of this offering. The site is currently zoned R-1, and the City has already taken the first step toward approving a zoning 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. Public water and sewer, plus electricity, gas, cable, telephone, and irrigation, are already available at the site. Grand Terrace is a charming, low-rise bedroom community known for low crime and good schools, with easy freeway access and close proximity to Loma Linda, home to a major medical center and university. With upzoning to R3-40 in process, all utilities in place, and a leased improvement already on site, this parcel is a rare find for a developer, investor, or owner/user seeking to build multi-family housing. Buyer and buyer's agent to independently verify zoning, entitlement status, lot size, square footage, and all other facts material to this listing. Information is deemed reliable but not guaranteed.

Highlights

Listed by Joseph Catanzarite , 909-560-2070 AEGIS PROPERTIES INC , 714-535-7999. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land

Lot/Acreage
4.47

County

San Bernardino

Area

266 - Grand Terrace

Listing ID

IG26153709

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Rectangular Lot,Value In Land,Level,No Land Lease
Zoning:R-1 now, but in process of upzoning to R3-40
Sewer:Public Sewer
Principal Interest
$22,643
Taxes
$2,869

Home Price

$4,500,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$900,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$22,643.29

Principal

Taxes

Principal Taxes HOA Total
Monthly $22,643.29 $2,868.75 $0.00 $25,512.04
Yearly $271,719.46 $34,425.00 $0.00 $306,144.46
Total $8,151,583.89 $1,032,750.00 $0.00 $9,184,333.89

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Grand Terrace, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T08:36:43.000Z

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