PROPERTY: 12667 Michigan St, Grand Terrace, CA 92313 APN: 1167-281-01-0000 SALE PRICE: $4,500,000 ($1,006,711 per acre) SALE TYPE: Sale or lease available, suited for investment or owner/user LOT SIZE: 4.47 acres, 1 lot PROPERTY TYPE: Land with an existing leasehold building PROPOSED USE: Multi-family housing OVERVIEW This is a 4.47-acre, low-slope, flat, rectangular development site (excluding a small lot at the southwest corner not included in the sale). The property includes a leasehold interest in an approximately 4,100 SF masonry church building (built 1967) that runs with the land and can produce income during the hold or entitlement period. ZONING AND ENTITLEMENT STATUS The parcel is currently zoned R-1. The City has approved the first step toward a zoning increase to R3-40. A second reading of the ordinance and a statutory waiting period remain before the change takes legal effect, but the process has been formally initiated. Grand Terrace has very little remaining undeveloped land, making this a rare opportunity for a multi-family project of scale. Buyer is responsible for their own due diligence and independent verification of zoning, entitlement status, and any other factors affecting project feasibility. UTILITIES Public water and public sewer service, plus electricity, gas, cable, telephone, and irrigation, are all available at the site. No issues are anticipated in securing the required utility services for a multi-family project. LOCATION HIGHLIGHTS Desirable Grand Terrace location Low crime and good schools Easy access to freeway and local urban centers Adjacent to Loma Linda, home to a major medical center and university FOR ALL INQUIRIES: Please contact Darryl (626) 827-4496