408 PICO

Fallbrook, CA 92028

$1,298,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $901 / sqft

1953

calendar_month Built

Property Description

Investment Opportunity in Fallbrook! Just reduced $100k! Corner property with 3 lots together and is zoned both Commercial and Residential. The total of contiguous lots combined is 10,653 sq feet/ .34 acre approx. Use of this property could be repositioned to suit new owners needs within county guidelines. The property has been used for a successful car sales business and zoning may indicate additional apartments may be added. One structure is an office building with hard-wired sprinkler system and security cameras, and is approx 640 sq feet. The second building is a duplex that is currently rented month-to-month to lng-standing tenants with a great paying history. Each duplex unit is approx 400 sq ft. One is rented for $1,250 per month and one is rented for $935 per month. This asset has high street visibility at the North end of town within walking distance to the heart of town, and may be suitable to a cash buyer, cash to new loan or a 1031 exchange property. Expenses are not shown in MLS, but will be shown to serious buyers only. All above remark info is per seller- buyer to verify.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information

Listing Information

Address 408 PICO
City Fallbrook
State CA
Zip 92028
County San Diego
Listing Agent Lynn Stadille DRE#00512083
Courtesy Of RE/MAX Connections
MLS NDP2402949
List Price $1,298,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 14,810
Year Built 1953
DOM 30

Exterior Information

Maps

Listing information courtesy of: Lynn Stadille, RE/MAX Connections . *Based on information from the Association of REALTORS/Multiple Listing as of May 9th, 2024 at 4:01 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.