408 N Pico ave, Fallbrook, CA 92028
408 N Pico ave, Fallbrook, CA 92028
408 N Pico ave, Fallbrook, CA 92028
408 N Pico ave, Fallbrook, CA 92028
408 N Pico ave, Fallbrook, CA 92028
408 N Pico ave, Fallbrook, CA 92028
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Jim & Kim Carmichael
$ 1,075,000
Est. payment | /mo

2 Beds

2 Baths

1,440 SqFt


Save
$ 1,075,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,440 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $746

Subdivision Fallbrook

MLS Listing ID OC26105529

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1953

Lot Size 10,654 Sqft

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County San Diego

Area 92028 - Fallbrook

Rooms

Main Level Bedrooms 2

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Outside

Exterior

Parking Features Asphalt, Driveway

Pool None

Community Features Suburban

View Y/N No

View None

Private Pool No

Building

Lot Description Corner Lot, Value In Land

Dwelling Type Mixed Use

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Fallbrook Union

Others

Senior Community No

Tax ID 1031310200

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Deanne Estrada West Capital Real Estate 323-697-6379, DRE #02143621

NEARBY SCHOOL & BUSINESS

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Jim & Kim Carmichael

Jim & Kim Carmichael

License ID: 0675443, 01719088

+1(619) 846-1906

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408 N Pico ave