22326 Pico Street, Grand Terrace, California 92313, Grand Terrace, 92313 - 3 bed, 3 bath
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22326 Pico Street
Grand Terrace, California 92313
ACTIVE
CONDITION: POOR
3Beds
3Baths
1,550Sq Ft
21,683Lot Size
Property Price
LIST PRICE$650,000
EST. MARKET VALUE
$637,589
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $650,000—positioned above the $637,589 Fair Market Value. While the property requires significant rehabilitation due to its Condition Rating of 5, the inclusion of a detached 1-bedroom ADU and a massive 21,683 sqft lot provides substantial value-add potential. The main home features a renovated kitchen and luxury vinyl flooring, offering a solid foundation for renovation. This asset is strictly for cash buyers and is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a major project.
Estimated Market Value
$637,589
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 |
|---|---|---|---|---|---|---|
★ 22326 Pico Street Subject | $650,000* List Price | 3 | 3 | 1,550 | $411 | - |
A 12251 Michigan Active | $559,000 List Price | 2 | 2 | 1,196 | $467 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1948, the property exhibits significant safety and structural defects, most notably a large section of collapsed ceiling and boarded-up windows. While the kitchen has received a recent renovation with modern cabinets and appliances, the listing's inability to qualify for standard financing (FHA/VA/Conventional) and the 'as-is' investor-only status confirm it requires a major rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21683, living area = 1550.
- Income Potential
The property includes a detached 1-bedroom ADU, offering a significant opportunity for rental income or a private multi-generational living setup.
- Expansive Lot Size
Sitting on nearly half an acre (21,683 sqft), the large lot provides ample space for further development, outdoor amenities, or potential expansion.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1550, other record living area = 1666.
- Financing Restrictions
The property does not qualify for standard FHA, VA, or conventional loans, limiting the buyer pool strictly to cash or specialized investor financing.
- As-Is Condition
Sold as an 'Investor Special' with no seller repairs, the home likely requires substantial capital investment to address deferred maintenance and structural needs.
About 22326 Pico Street
Investor Special - Cash preferred - perfect for investors or cash buyers looking for their next project. Seller will make no repairs and property being sold "AS-IS". Will not qualify for a Standard Conventional, FHA or VA loan. House is a 3-bedrooms / 3-baths. Spacious kitchen/dining/great room with luxury vinyl flooring. Indoor laundry room. Property has a 1-bedroom ADU separated from the main home. Both structures are on a large lot - great curb appeal!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 21,683 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,550 | 1,732.75 |
| Lot Size | 21,683 | 8,888.15 |
| Price | $650.0K | $619.7K |
| Price per sq ft | $419 | $337 |
| Built year | 1948 | 1979 |
| HOA | $0 | $266 |
| Days on market | 19 | 53 |
Pricing History
Listed for Sale
Aug 21, 2026
$650,000
Initial Listing
Sold
Apr 28, 2023
$750,000
Public Record
Sold
Oct 27, 2022
$300,000
Public Record