12420 Mount Vernon, Grand Terrace, California 92313, Grand Terrace, 92313 - 3 bed, 2 bath
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12420 Mount Vernon
Grand Terrace, California 92313
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,085Sq Ft
1,085Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$362,292
3% AboveMARKET VALUE
SUMMARY
This Single-Story Condominium represents a Strong Value Opportunity, listed at $375,000—positioned above the $362,293 Fair Market Value by 3%. While priced slightly above market, the property offers a Condition Rating of 4, featuring an updated Granite Kitchen and a rare Private Fenced Yard. Its proximity to the Loma Linda Medical Center ensures high rental demand, making this an ideal asset for Buy-and-Hold Investors or first-time buyers seeking a quiet, ground-floor residence in a secure, amenity-rich community.
Estimated Market Value
$362,292
Based on Realkey algorithm analyzing recent comparable sales in Grand Terrace.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12420 Mount Vernon Subject 3 bd · 2 ba · 1,085 sqft · $334 | $375,000* List Price | 3 | 2 | 1,085 | $334 | - |
A 12420 Mount Vernon 2d Sold 3 bd · 2 ba · 1,152 sqft · $326 · 0.0 mi | $375,000 | 3 | 2 | 1,152 | $326 | 0.0 mi |
B 12420 Mount Vernon Sold 3 bd · 2 ba · 1,152 sqft · $321 · 0.0 mi | $370,000 | 3 | 2 | 1,152 | $321 | 0.0 mi |
C 12168 Mount Vernon Ave 7 Sold 3 bd · 3 ba · 1,355 sqft · $335 · 0.3 mi | $454,000 | 3 | 3 | 1,355 | $335 | 0.3 mi |
D 22757 Palm Avenue A Sold 2 bd · 2 ba · 1,104 sqft · $353 · 0.5 mi | $390,000 | 2 | 2 | 1,104 | $353 | 0.5 mi |
E 22685 Palm Active 3 bd · 2 ba · 1,169 sqft · $325 · 0.5 mi | $380,000 List Price | 3 | 2 | 1,169 | $325 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1982 (42 years old), the property falls into the dated category. While the kitchen has been updated with granite countertops and modern appliances, the interior features original elements such as popcorn ceilings and older fixtures. It is functional and move-in ready but requires minor cosmetic updates to the baths and living areas to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Rare Single-Story Layout
This ground-floor unit features no neighbors above or below, offering a level of privacy and quietude seldom found in condominium living.
- Prime Medical District Proximity
Ideally situated just minutes from Loma Linda University Medical Center and the VA Hospital, making it a high-demand location for medical professionals and students.
- Private Outdoor Space
Unlike typical condos, this home includes a large private concrete patio and a fenced yard, providing a dedicated area for outdoor relaxation and entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1085, other record lot size in square feet = 150282.
- High Monthly Association Fees
The $415 monthly HOA fee adds a significant recurring expense to the ownership cost, which may impact the overall affordability for some buyers.
- Compact Living Quarters
With three bedrooms configured within 1,085 square feet, the individual room sizes and storage options may feel restrictive for larger households.
About 12420 Mount Vernon
Ground-floor, single-story condominium in gated community. This desirable single-story condominium has no neighbors above or below. The property is located within the secure, gated community of Lido in Grand Terrace. This inviting home offers a spacious living room, a sunny breakfast nook off the kitchen, three bedrooms, and two full baths. The updated kitchen features granite countertops, tile floors, and modern appliances, while interior laundry hookups add everyday convenience. Convenient two-car garage with automatic openers. Enjoy the large private concrete patio and fenced yard—perfect for relaxing or entertaining. Community amenities include a sparkling pool and spa, tennis court, guest parking inside the gates, and additional parking outside. Ideally located near schools, shopping, and just minutes from Loma Linda University Medical Center and the VA Hospital.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 1,085 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $415.0 / Month
Neighborhood Insights
Grand Terrace Unified Schools
Grand Terrace Elementary School
Grades K-6 • 0.6 mi
5/10
Terrace Hills Middle School
Grades 7-8 • 0.2 mi
2/10
Grand Terrace High School
Grades 9-12 • 1.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,085 | 1,219.667 |
| Lot Size | 1,085 | 1,219.667 |
| Price | $375.0K | $388.8K |
| Price per sq ft | $346 | $325 |
| Built year | 1982 | 1982 |
| HOA | $415.0 | $410 |
| Days on market | 17 | 76 |
Pricing History
Listed for Sale
Oct 7, 2026
$375,000
Initial Listing
Sold
Apr 6, 2001
$137,000
Public Record