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Fallbrook, CA

$1,075,000

408 N Pico ave, Fallbrook, CA
1953
Built
1
Days listed

About this home

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.

Facts & features

Interior
Laundry
Outside
Exterior & lot
Lot size
0.245 acres (10,653 sq ft)
Year built
1953
Community
Area
92028 - Fallbrook
County
San Diego
Listing details
Status
Active
Property type
Mixed Use
Days on market
1
Listed
2026-05-13
Terms
Cash, Cash To Existing Loan, Cash To New Loan
Parcel #
1031310200
MLS #
OC26104909
Listed by
Deanne Estrada · West Capital Real Estate

Location

Price history

Listed
$1,075,000 · 2026-05-13
Days on market
1
Current price
$1,075,000
Financing

Could this home be yours?

Estimated monthly payment
$6,744
$5,436 principal & interest · $1,308 taxes & insurance
$215,000
Estimate only
Loan $860,000

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Listing data provided by CRMLS

Listing courtesy of West Capital Real Estate. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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