12201 Michigan, Grand Terrace, California 92313, Grand Terrace, 92313 - 5 bed, 2 bath
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Grand Terrace, California 92313
Analysis of 12201 Michigan, Grand Terrace, California 92313 is currently available with a list price of $1,120,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Grand Terrace Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Although built in 1936, the property has undergone significant recent renovations including a very new roof, updated electrical systems, and fully remodeled kitchen and bathrooms. While the original hardwood floors show some visible wear in photos, the modernization of major systems and core living areas qualifies it as well-maintained and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45738, living area = 1176.
The massive 1.05-acre lot offers significant potential for rezoning and increased density, making it a prime target for builders and developers in a business-friendly city.
The property features a very new roof, updated electrical systems, and fully remodeled kitchen and bathrooms, providing immediate move-in readiness or rental viability.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.
With 5 bedrooms squeezed into only 1,176 square feet, the interior layout likely suffers from very small room sizes and limited common living areas.
The $1.12M list price is heavily weighted toward land value and development speculation, which may deter traditional residential buyers looking for a primary residence.
Rare opportunity to own over 1 acre in the heart of Grand Terrace! This home sits on a HUGE LOT, and offers excellent potential for development. Buyers are encouraged to contact the City of Grand Terrace regarding possible rezoning opportunities to increase density. The home features 5 bedrooms and 2 bathrooms, beautifully remodeled with a very new roof, electricals, an updated kitchen, and fully renovated bathrooms. It sits on over an acre of land, providing plenty of space for outdoor living, entertaining, or future improvements. Located in a progressive, business-friendly city with convenient freeway access, this site presents a great opportunity for builders, developers, or investors seeking a centrally located project in the Inland Empire.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,176 | 1,408 |
| Lot Size | 45,738 | 7,463.5 |
| Price | $1.12M | $606.1K |
| Price per sq ft | $952 | $345 |
| Built year | 1936 | 1981 |
| HOA | $0 | $500 |
| Days on market | 36 | 49 |
Jun 16, 2026
$1,120,000
Initial Listing
Nov 21, 2022
$645,000
Public Record
Oct 15, 2020
$485,000
Public Record
Sep 26, 2019
$250,000
Public Record
Oct 6, 2004
$290,000
Public Record