408 N PICO
Fallbrook, CA, 92028
$1,248,000
Beds
0 Baths
SqFt
0.34 Acres
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Investment Opportunity in Fallbrook! Just reduced again…total of $150K!! Corner property with 3 lots together and is zoned both Commercial and Residential Inc. 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 may indicate 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.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. Each duplex unit is approx 400 sq ft. One is rented for $1,250 per month and one is rented for $935 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:
$1,248,000
MLS #:
NDP2407143
Status:
Active
Baths:
0
Address:
408 N PICO
Type:
Residential Income
Neighborhood:
92028fallbrook
City:
Fallbrook
Listed Date:
Aug 9, 2024
State:
CA
ZIP:
92028
Lot Size:
14,810 sqft / 0.34 acres (approx)
Year Built:
1953
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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

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Community

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