For sale

Listed by: West Capital Real Estate

Price cut: $150K (5/14)

$1,075,000

408 N Pico Ave, Fallbrook, CA 92028

2beds

1,440sqft

Get pre-qualified

Mixed Use

Built in 1953

10,653 Square Feet Lot

$1,037,800 Zestimate^®

$747/sqft

$-- HOA

What's special

Commercial office buildingMaximum visibility and frontageResidential duplexSignalized hard cornerClean interiors

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.

47 days

78

1

Loading...

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
Has view: Yes
View description: 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: $747/sqft
Date on market: 5/14/2026
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan

Estimated market value

$1,037,800

$986,000 - $1.09M

$2,952/mo

Price history

Date	Event	Price
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

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified