12420 Mount Vernon, Grand Terrace, California 92313, Grand Terrace, 92313 - 3 bed, 2 bath
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Grand Terrace, California 92313
This 3-bedroom condominium represents a Strong Value Opportunity, listed at $349,999—positioned slightly above the $345,499 Fair Market Value. While the property requires cosmetic updates to address its Fair Condition Rating, it offers a functional layout with an attached 2-car garage and resort-style amenities including a pool and spa. Its proximity to Loma Linda University Medical Center and major freeways ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or healthcare professionals seeking a low-maintenance, strategically located residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12420 Mount Vernon Subject | $349,999* List Price | 3 | 2 | 1,152 | $300 | - |
A 12420 Mount Vernon Sold | $370,000 | 3 | 2 | 1,152 | $321 | 0.0 mi |
B 12420 Mount Vernon Avenue 4b Sold | $349,000 | 2 | 2 | 1,088 | $321 | 0.0 mi |
C 12420 Mount Vernon Avenue 1a Sold | $365,000 | 3 | 2 | 1,085 | $336 | 0.1 mi |
D 22745 Palm Avenue H Sold | $375,000 | 3 | 2 | 1,169 | $321 | 0.5 mi |
E 12420 Mount Vernon 2d Active Under Contract | $365,000 List Price | 3 | 2 | 1,152 | $317 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this 42-year-old property is functional but dated. The kitchen features older cabinetry and tile countertops, and the presence of popcorn ceilings indicates a lack of recent comprehensive renovation. While the flooring has been updated and the unit appears well-maintained, it fits the 'Fair' criteria as it is >20 years old and requires cosmetic modernization.
Ideally situated near Loma Linda Medical Center and major freeways (215, 91, 60, 10), offering exceptional convenience for healthcare professionals and commuters.
Located in a secure gated community, the property features resort-style amenities including a pool, spa, tennis courts, and the rare benefit of an attached 2-car garage.
The 3-bedroom floor plan is highly efficient, featuring a private primary suite and in-unit laundry, providing the utility of a single-family home in a low-maintenance condo format.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1152, other record lot size in square feet = 150282.
The $415 monthly association fee represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
The assigned middle school has a low rating of 2/10, which may be a deterrent for families prioritizing high-performing educational districts.
Welcome to 12420 Mount Vernon Avenue #8D in the desirable gated Lido Community of Grand Terrace. This 3-bedroom, 2-bath condominium offers comfortable living with the convenience of an attached 2-car garage and a thoughtfully designed floor plan perfect for families, professionals, or anyone seeking low-maintenance living. In unit laundry, and main bedroom suite offer all the necessities without trading away any of the essentials. Residents enjoy access to an array of community amenities, including a sparkling swimming pool, relaxing spa, tennis courts, beautifully maintained common areas, and ample guest parking within the secure gated neighborhood. The community provides a peaceful atmosphere while offering the benefits of resort-style living right at home. Ideally located in the heart of Grand Terrace, this home offers exceptional accessibility to major freeways including the 215, 91, 60 & 10, making commuting throughout the Inland Empire quick and convenient. Nearby shopping centers, restaurants, parks, and everyday services are just minutes away. The property is also conveniently situated near Loma Linda University Medical Center, VA Loma Linda Healthcare System, the University of California Riverside, and several local schools, making it an excellent choice for healthcare professionals, students, and families alike. Enjoy the perfect blend of comfort, convenience, and community in one of Grand Terrace’s most sought-after gated neighborhoods. Call today to schedule an appointment to tour this home before its gone!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,152 | - |
| Lot Size | 1,152 | - |
| Price | $350.0K | $371.3K |
| Price per sq ft | $304 | $327 |
| Built year | 1982 | 0 |
| HOA | $415.0 | $0 |
| Days on market | 41 | 104 |
Jun 11, 2026
$349,999
Initial Listing
Apr 6, 2001
$137,000
Public Record