CA > Fallbrook
Fallbrook, CA 92028,408 N PICO
Fallbrook, CA 92028,408 N PICO
Fallbrook, CA 92028,408 N PICO
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Listed by Lynn Stadille • RE/MAX Connections
$1,225,000
Est. payment /mo
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1,440 SqFt
Active

408 N PICO Fallbrook, CA 92028

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Daniel Ripper

Daniel Ripper

+1(415) 205-6312

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $850

MLS Listing ID CRNDP2502083

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1953

Lot Size 0.340 Acres

Property Sub-Type OTHER

Property Description

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

Location

State CA

County San Diego

Interior

Fireplace No

Laundry Other

Exterior

Handicap Access Other

Building

Lot Description Corner Lot, Paved

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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agent

Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

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408 N PICO

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