Active

408 N PICO

Fallbrook CA, 92028

$1,298,000


$901.39 per sqft

Active

1,440 sqft

Residential

Built in 1953

Listed by Lynn Stadille with RE/MAX Connections 760-731-2900

Investment Opportunity in Fallbrook! Just reduced $100k! Corner property with 3 lots together and is zoned both Commercial and Residential. 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, and is approx 640 sq feet. The second building is a duplex that is currently rented month-to-month to lng-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. This asset has high street visibility at the North end of town within walking distance to the heart of town, 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.

NDP2402949

MLS ID

April 9, 2024

Listed

June 4, 2024

Updated

Map

408 N PICO
Fallbrook CA, 92028

Interior Features

Total Stories

2


Laundry Description

Outside


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.34 Acres


Lot Features

Corner Lot, Paved


Sewer

Sewer Tap Paid

Other Property Details

Area Name

92028 - Fallbrook


Days on Market

56


Garage

No


Parking Total

0


View

No


County

San Diego


Pool

No


Pool Features

None


Zoning

PER SELLER ZONING IS BOTH


Buyer Agency Compensation

2.25%

Listing History

Date

Event

Price

5/8/2024

Price Change

$1,298,000

-8%

Listing Contact: 760-731-2900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 6/4/2024 at 10:08 PM UTC

 

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