408 N Pico

Fallbrook, CA 92028

$1,225,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1953

calendar_month Built

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 seller- buyer to verify.

Listing Information

List Price $1,225,000
Status Active
MLS NDP2502083
HOA $0
Type Residential Income
Year Built 1953
Lot Size 14,810
Structure Size N/A
DOM 27
Courtesy Of RE/MAX Connections
Listing Agent Lynn Stadille DRE#00512083

Interior Features

Laundry Information
Location(s) Outside
Total Bedroom
Bedrooms N/A

Exterior Information

Other Structures
Structures Two On A Lot

Maps

home_work Nearby Properties

Listing information courtesy of: Lynn Stadille, RE/MAX Connections 760-845-3059. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 1st, 2025 at 4:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.