408 N Pico, Fallbrook, CA 92028 - Berkshire Hathaway HomeServices California Properties
408 N Pico Fallbrook, CA 92028
$1,225,000 0 beds, 0 baths
0 sqft

Agent Remarks

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 seller- buyer to verify.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# NDP2502083
List price is $1,225,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1953
0.34 acres
Lot size: 0.3400
County: San Diego
Property style: Ranch
Zoning: PER SELLER ZONING IS BOTH
Parking description: Asphalt,Driveway
Lot description: Corner Lot,Paved
MLS area: 92028 - Fallbrook

Last Updated: 4/3/2025

 Find more Fallbrook homes and real estate

 Find more homes in 92028 zip code

This listing belongs to the 92028 - Fallbrook MLS area

The style of this listing is Ranch.
Find more Ranch style homes for sale

Lat/Long: 33.384958, -117.252816.
Find nearby listings


Listing Agent: Lynn Stadille
Lic#: 01801928
Office Name: Sherman Oaks

Area Map

Nearby Schools

No schools were found in the area