• Primary - 408.828.0123

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408 N Pico aveFallbrook, CA 92028

Single Family · 2 Beds · 2 Full Baths · 1,440 Sq. ft. | 0.24 Acres
$1,075,000 Active

408 N Pico ave Overview

Time on Site:
46 days
Visits:
0

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.

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408 N Pico ave Facts & Features

  • Type Single Family
  • Sq. ft. 1,440
  • Price/Sq.ft. $747
  • Lot 0.24 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

School Information

  • School District: Fallbrook Union

Listing Information

  • Contingency: DO NOT GO DIRECT. DO NOT DISTURB OCCUPANTS. THREE PARCELS ARE INCLUDED IN THE SALE: 103-131-02-00, 103-131-03-00 AND 103-131-04-00

Building Information

  • New Construction: No
  • Year Built: 1953

Location/Region

  • Country: US
  • County Or Parish: San Diego
  • MLS Area Major: 92028 - Fallbrook
  • Postal City: FALLBROOK
  • Subdivision Name: Fallbrook

Community/Development

  • Community Features: Suburban

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Listing Terms: Cash,Cash to Existing Loan,Cash to New Loan
  • Parcel Number: 1031310200
  • Property Sub Type: Mixed Use
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 2

General Information

  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Entry Location: Front
  • Fireplace Features: None
  • Fireplace: No
  • Laundry Features: Outside
  • Levels: One
  • Living Area: 1440.0
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Asphalt,Driveway

Lot Information

  • Additional Parcels Description: 103-131-03-00, 103-131-04-00
  • Additional Parcels: Yes
  • Lot Features: Corner Lot,Value In Land
  • Lot Size Acres: 0.2446
  • Lot Size Area: 10653.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 10653.0
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: Yes
    • Structure Type: Mixed Use

    General Information

    • Number Of Units Total: 2
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer

    408 N Pico ave Neighborhood

    Community

    92028 (FALLBROOK) Demographics

    40
    Median Age
    514
    Population Density (per sq. mile)
    40%
    College Educated
    $80,775
    Estimated Median Income
    10,918
    Estimated Total Home Owners
    4,846
    Estimated Total Renters
    69% / 31%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    408 N Pico ave Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    408 N Pico ave Market Data

    Based on the last 30 days in this zip code

    $1,138,249
    Average List Price
    $461
    Average Price per Square Foot
    58
    Properties Sold
    86
    Average Days on Market
    386
    Properties for Sale
    Calculations provided by Reliance Network

    408 N Pico ave History

    Date Event Value Agent
    5/14/2026Source: CRMLS Added to Database
    May 14, 2026
    5/13/2026Source: CRMLS Added to Database
    May 13, 2026
    Listing provided courtesy of West Capital Real EstateDeanne Estrada- MLS# OC26105529MLS ProviderContact Information: [email protected] - 949-570-8981