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408 N Pico ave Fallbrook, CA $ 1,100,000
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$ 1,100,000 Get more info
408 N Pico ave
$ 1,100,000
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408 N Pico ave

Fallbrook, CA, 92028
$ 1,100,000
Baths1.0 Sq 1,440

Monthly Estimate*

$ 6,773

Listed by West Capital Real Estate
​
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Studio

Multi-Family Home for sale in Fallbrook, CA

for $1,100,000 with 1 full bath. This 1,440 square foot home was built in 1953 on a lot size of 0.2446.

HIGH-VISIBILITY CORNER — RESIDENTIAL DUPLEX + COMMERICIAL OFFICE with MAJOR RE-DEVELOPMENT POTENTIAL. Own the entire corner. This property offers a rare chance for an owner-occupant seeking an income-producing property or an investor ready to capitalize on the site’s serious redevelopment upside. This package includes three contiguous lots, totaling 10,653 sq ft and zoned FB-V2—a mixed-use designation allowing both commercial and residential development. The property sits at a signalized hard corner, commanding maximum visibility and frontage. Currently, the property consists of a residential duplex and a commercial office building, all with clean interiors & dependable tenants offering great stability. The major upside is in the right development strategy. This already income-producing property then becomes an income-producing POWERHOUSE. The caliber of exposure, zoning versatility, and proven income stream is nearly impossible to replicate at this price point.

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Multi-Family Active

Price

$ 1,100,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2446

Year Built

1953

Town/City

Fallbrook

County/Region

San Diego

MLS | Web ID

OC25248346

Days on Market

98
Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1953
Property Subtype Mixed Use
Gross Income 0
Community Features Suburban
Additional Parcels Description 103-131-03-00 103-131-04-00
County San Diego
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction 0
Property Type Residential Income
Contingency DO NOT GO DIRECT. DO NOT DISTURB OCCUPANTS. THREE PARCELS ARE INCLUDED IN THE SALE: 103-131-02-00 103-131-03-00 AND 103-131-04-00
Subdivision Name Fallbrook
Garage Y/N 0
Special Listing Conditions Standard
Status Active
Directions CORNER OF PICO AVE AND EAST MISSION RD
City Fallbrook
Entry Location Front
Senior Community Y/N 0
Number Of Units Total 2
MLS Area 92028 - Fallbrook
Lot Size Units Square Feet
Lot Size Square Feet 10653
Listing Terms Cash Cash to Existing Loan Cash to New Loan
Property Attached Y/N 1
Land Lease Y/N 0
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N 1
Rent Control Y/N 0
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 0
Property Sub Type Additional Mixed Use
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Interior
Total Stories 1
Common Walls 1 Common Wall
Laundry Features Outside
Entry Level 1
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Exterior
Parking Features Asphalt Driveway
Lot Features Corner Lot Value In Land
Water Source Public
Total Parking 0
Lot Size Area 10653
Number of Buildings 2
Building Area Total 1440
Lot Size Acres 0.2446
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded Features
List By
West Capital Real Estate

Broker

destrada@westcapitallending.com

Email

Affordability Calculator

$6,773
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Monthly Principal & Interest
$6,773
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,100,000 Listed Price

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408 N Pico ave, Fallbrook, CA, 92028 is a Multi-Family Home for sale at $1,100,000 with 1,440 sqft and a lot size of 0.2446. 408 N Pico ave is a studio with 1.0 baths and was built in 1953. The property's zip code is 92028 which is in Fallbrook, CA

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