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408 N Pico Ave, Fallbrook, CA 92028

$1,075,000 Approx. USD 2 beds, 2 baths
1,440 sqft

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Marketed By

Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Deanne Estrada | destrada@westcapitallending.com
Lic#: 02143621
Broker: Courtesy of West Capital Real Estate
Phone: 949-570-8981

Agent Remarks

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.

Listing Details

Property type: Mixed Use (Single Family)

Status: Active

MLS# OC26105529

Price: $1,075,000

HOA Fee is $0.00

Beds: 2

Baths: 2 (2 full)

None fireplaces

Built in 1953

1,440 sqft

1 story

0.24 acres

Lot size: 0.2446

Subdivision: Fallbrook

County: San Diego

Parking description: Asphalt,Driveway

Lot description: Corner Lot,Value In Land

Heating/cooling: Wall/Window Unit(s)

MLS area: 92028 - Fallbrook

Last Updated: 5/15/2026

Days On Market (DOM): 15

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This listing belongs to the 92028 - Fallbrook MLS area

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Lat/Long: 33.384940, -117.252726.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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