For sale

Listed by: West Capital Real Estate • Deanne Estrada • Contact: 323-697-6379

Price cut: $75.1K (8/6)

$999,900

408 N Pico Ave, Fallbrook, CA 92028

2beds

1,440sqft

$6,532/mo

Get pre-qualified

Mixed Use

Built in 1953

10,653 Square Feet Lot

$973,200 Zestimate^®

$694/sqft

$-- HOA

What's special

Commercial office buildingMaximum visibility and frontageResidential duplexSignalized hard cornerClean interiors

REDUCED! 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.

94 days

107

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 2

Rooms

Room types: Entry/Foyer, Laundry, Office

Cooling

Wall/Window Unit(s)

Appliances

Laundry: Outside

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall

Interior area

Total interior livable area: 1,440 sqft

Property

Parking

Parking features: Asphalt, Driveway

Features

Levels: One
Stories: 1
Entry location: Front
Pool features: None

Lot

Size: 10,653 Square Feet
Features: Corner Lot, Value In Land

Details

Additional parcels included: 1031310300, 1031310400
Parcel number: 1031310200
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Suburban
Subdivision: Fallbrook

Location

Region: Fallbrook

Financial & listing details

Price per square foot: $694/sqft
Date on market: 5/14/2026
Cumulative days on market: 95 days
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan

Estimated market value

$973,200

$925,000 - $1.02M

$2,860/mo

Price history

Date	Event	Price
8/6/2026	Price change	$999,900-7%$694/sqft
Source: CRMLS #OC26105529 Report a problem
5/14/2026	Price change	$1,075,000-12.2%$747/sqft
Source: CRMLS #OC26105529 Report a problem
12/10/2024	Listed for sale	$1,225,000+157.9%$851/sqft
Source: CRMLS #NDP2410488 Report a problem
3/3/2014	Listing removed	$475,000$330/sqft
Source: Real Estate Center #130053659 Report a problem
10/6/2013	Listed for sale	$475,000$330/sqft
Source: Real Estate Center #130053659 Report a problem