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.
Property Details
Price:
$1,225,000
MLS #:
NDP2502083
Status:
Active
Baths:
0
Address:
408 N PICO
Type:
Residential Income
Neighborhood:
92028fallbrook
City:
Fallbrook
Listed Date:
Mar 4, 2025
State:
CA
ZIP:
92028
Lot Size:
14,810 sqft / 0.34 acres (approx)
Year Built:
1953
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Schools
Interior
Accessibility Features
Parking, Ramp – Main Level
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Fencing
Average Condition, Partial
Garage Spaces
0.00
Lot Features
Corner Lot, Lot 10000-19999 Sqft, Paved
Parking Features
Driveway, Asphalt
Parking Spots
0.00
Pool Features
None
Sewer
Sewer Paid
Stories Total
2
Financial
Association Fee
0.00
Utilities
Cable Connected, Electricity Connected
Map
Community
- Address408 N PICO Fallbrook CA
- Area92028 – Fallbrook
- CityFallbrook
- CountySan Diego
- Zip Code92028
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408 N PICO
Fallbrook, CA
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