408 N Pico ave, Fallbrook, CA 92028
- $1,075,000
- 2
- BD
- 2
- BA
- 1,440
- SqFt
- List Price
- $1,075,000
- Status
- ACTIVE
- MLS#
- OC26105529
- Year Built
- 1953
- Bedrooms
- 2
- Bathrooms
- 2
- Living Sq. Ft
- 1,440
- Lot Size
- 10,653
- Acres
- 0.24
- Lot Location
- Corner Lot, Value In Land
- Days on Market
- 74
- Property Type
- Single Family Residential
- Property Sub Type
- Mixed Use
- Stories
- One Level
- Neighborhood
- Fallbrook
Property Description
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.
Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- School District
- Fallbrook Union
- Attached Structure
- Attached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Deanne Estrada (destrada@westcapitallending.com) from Listing Office: West Capital Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.