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408 N Pico Avenue $1,400,000

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    408 N Pico Avenue Fallbrook, CA 92028

    • 1,440 sq. ft.
    • 0.34 Acres
    • Commercial Sale
    • MLS# CV24029688
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    Views: 0 Days On Market: 9

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    Property Details

    Amazing Investment opportunity in Fallbrook! This corner property is 3 lots sold together and is zoned both Commercial and Residential. The total square footage of all 3 lots combined is 10,653 square feet. This unique property offers the new owner the ability to reposition its use to suit their needs. It has an office to effectively run a business through along with plenty of square footage to house vehicles or trucks and a duplex that is currently generating income. The office building is 640 square feet, has a hard wired sprinkler system and is alarmed with cameras. The duplex boasts 400 square feet for each unit and both units have current tenants that are month to month with a great paying history. The large property with great street access can accomodate any changes the new buyer can envision or can be used in its current condition. This asset is perfect for a cash to new loan buyer, a 1031 buyer or a cash buyer.

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish San Diego
      • Number Of Buildings 3
      • YearBuilt 1953
    • Building Features
      • Cooling Wall/Window Unit(s)
      • Heating Natural Gas
      • Laundry Features Outside
      • Roof Shingle
    • Property Features
      • Fencing Wood
      • Lot Features Corner Lot, Lot 10000-19999 Sqft
      • Lot Size Acres 0.34

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    Neighborhood

    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
    48,736 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $885,000 Median Sales Price
    29 Homes Sold
    82 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,400,000
        2/12/2024 1:36:00 PM New in Database Source: Multiple Listing Service New Value: $1,400,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 7.5% 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.
        Based on information from California Regional Multiple Listing Service, Inc. as of 2/21/2024 3:37:44 AM PST. 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, 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.