Properties

Fallbrook, CA 92028 408 N Pico ave

408 N Pico ave Fallbrook, CA - Image 1408 N Pico ave Fallbrook, CA - Image 2408 N Pico ave Fallbrook, CA - Image 3
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408 N Pico ave Fallbrook, CA - Image 4408 N Pico ave Fallbrook, CA - Image 5408 N Pico ave Fallbrook, CA - Image 6408 N Pico ave Fallbrook, CA - Image 7408 N Pico ave Fallbrook, CA - Image 8408 N Pico ave Fallbrook, CA - Image 9408 N Pico ave Fallbrook, CA - Image 10408 N Pico ave Fallbrook, CA - Image 11
Presented By: Deanne Estrada with West Capital Real Estate; 323-697-6379
  • MLS# OC25248346
  • 10/27/2025
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  • Baths • 1
  • SQFT • 1,440

Home Details

HIGH-VISIBILITY CORNER โ€” 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 siteโ€™s serious redevelopment upside. This package includes three contiguous lots, totaling 10,653 sq ft and zoned FB-V2โ€”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.
Presented By: Deanne Estrada with West Capital Real Estate; 323-697-6379

Interior Features for 408 N Pico ave

Other Interior Features

Common Walls1 Common Wall
Laundry FeaturesOutside
Total Stories1

Other Rooms

Entry Level1

General for 408 N Pico ave

Additional Parcels Description103-131-03-00, 103-131-04-00
Additional Parcels Y/NYes
Building Area UnitsSquare Feet
CityFallbrook
Community FeaturesSuburban
ContingencyDO 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
CountySan Diego
DirectionsCORNER OF PICO AVE AND EAST MISSION RD
Electric Expense
Entry LocationFront
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income
Insurance Expense
Land Lease Y/NNo
Listing TermsCash, Cash to Existing Loan, Cash to New Loan
Lot Size Square Feet10653
Lot Size UnitsSquare Feet
MLS Area92028 - Fallbrook
Net Operating Income
New ConstructionNo
Number Of Units Total2
Operating Expense0
Pool FeaturesNone
PostalCityFALLBROOK
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameFallbrook
Tax Lot0
Trash Expense0
Water Sewer Expense0
Year Built1953
Year Built SourceAssessor

Exterior for 408 N Pico ave

Building Area Total1440
Lot FeaturesCorner Lot, Value In Land
Lot Size Acres0.2446
Lot Size Area10653
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesAsphalt, Driveway
Private PoolNo
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,075,000
MLS#OC25248346
List Date 10/27/2025
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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