408 N Pico ave new Save Request In-Person Tour Request Virtual Tour
Fallbrook,CA 92028
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Fallbrook
MLS Listing ID OC25248346
Year Built 1953
Lot Size 10,654 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County San Diego
Area 92028 - Fallbrook
Interior
Laundry Outside
Exterior
Parking Features Asphalt,Driveway
Pool None
Community Features Suburban
Building
Lot Description Corner Lot,Value In Land
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan
Special Listing Condition Standard