408 N Pico
Fallbrook, CA 92028
- 1 bed
- – baths
- 1,440 sqft
- 14,810 sqft lot
- $850 per sqft
- 1953 build
- – on site
Investment Opportunity in Fallbrook! Can add MORE UNITS WITH THIS ZONING Just reduced again...total of $150K!! Corner property with 3 lots zoned both Commercial and Residential Income The total of contiguous lots combined is 10,653 sq feet/ .34 acre approx. Use of this property could be repositioned to suit new owners' needs within county guidelines. The property has been used for a successful car sales business and zoning indicates additional apartments may be added. One structure is an office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet. could poss. convert to ADU for up to addtl. $3,000 mo income.. Previously was a successful used car lot! The second building is a duplex that is currently rented month-to-month to long-standing tenants with a great paying history. One unit is rented for $1,250 per month and the other one is rented for $1,028.50 per month. Agt opinion-rents are LOW. This asset has high street visibility at the North end of town within walking distance to the heart of Fallbrook's Village, theatre, restaurants, shops, and may be suitable to a cash buyer, cash to new loan or a 1031 exchange property. Expenses are not shown in MLS, but will be shown to serious buyers only. All above remark info is per selle
Last checked:
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Last updated Apr 5, 2025
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MLS# CRNDP2502083 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1953
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Building Area Units:Square Feet
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Accessibility Features:Accessible Approach with Ramp
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Building Area Total:1440
Room Dimensions
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Living Area:1440
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Living Area Units:Square Feet
Location
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Directions:CORNER OF PICO AND EAST MISSION
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Exterior Features:Other
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Parcel Number:1031310200
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Zoning:PER
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Lot Features:Corner Lot
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Lot Size Area:0.34
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Lot Size Acres:0.34
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Lot Size SqFt:14810
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Lot Size Units:Acres
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Fencing:Partial
Listing Agent
- Contact info:
- Agent phone:
- (760) 845-3059
Beds
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Bedrooms Total:1
The Listing
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Listing Terms:Cash
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/crmls/NDP2407143
Utilities
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Utilities:Other Water/Sewer
Appliances
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Laundry Features:Other
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Other
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/5/25
Mar 5, 2025
|
Listed / Active | BRIDGE | $1,225,000 | 380.4% (35.6% / YR) |
|
12/10/24
Dec 10, 2024
|
Listed / Active | CRMLS_CA | ||
|
11/18/24
Nov 18, 2024
|
Price Changed | BRIDGE |
