408 N Pico aveFallbrook, CA 92028
Fallbrook · San Diego County
Description
REDUCED! 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.
Property Information
- Property type
- Residential
- Sub-type
- Mixed Use
- Structure type
- Mixed Use
- Year built
- 1953
- Stories
- 1
- Living area
- 1,440 Sq Ft
- Lot size
- 0.24 acres
- Days on market
- 131
- MLS® Listing#
- OC26105529
Property Features
- Cooling
- Wall/Window Unit(s)
- Fireplace
- None
- Pool
- None
- Parking
- Asphalt · Driveway
- Laundry
- Outside
- Lot features
- Corner Lot
- Community
- Suburban
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 1031310200
Directions
CORNER OF PICO AVE AND EAST MISSION RD
Listing Courtesy: West Capital Real Estate - 323-697-6379
Presented by: Deanne Estrada
Licensed in the state of California.
Fallbrook Market Statistics
How this home compares to 195 active listings in Fallbrook, CA
| Fallbrook median | This listing | |
|---|---|---|
| Median listing price | $1,000,000+ | $999,900 |
| Median days on market | 63 | 131 |
| Median Sq Ft | 2,349 | 1,440 |
| Median price / Sq Ft | $424 | $694 |
Market statistics compiled from active EXIT Realty® and MLS listings in Fallbrook, CA.
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1221 Palomares Ct., Fallbrook, CA | $1,000,000 | 3 | 2 | 1,863 |
| 2801 E Mission Road, Fallbrook, CA | $999,900 | 3 | 3 | 2,285 |
| 1019 Riverview Drive, Fallbrook, CA | $970,000 | 3 | 3 | 2,081 |
| 2248 Mil Sorpresas, Fallbrook, CA | $1,040,000 | 3 | 3 | 2,635 |
