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For sale
  • Listing Provided by: 

    Deanne Estrada DRE #02143621 323-697-6379,

    West Capital Real Estate

    Price cut: $125K (10/27)
    $1,100,000

    408 N Pico Ave, Fallbrook, CA 92028

    4beds
    4baths
    1,440sqft
    : 
    Mixed Use
    Built in 1953
    -- sqft lot
    $1,087,900 Zestimate®
    $764/sqft
    $-- HOA

    What's special

    Commercial officeHigh-visibility cornerMaximum visibility and frontageResidential duplexSignalized hard cornerClean interiorsThree contiguous lots
    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.
    39 days
    |
    288
    |
    5
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 05, 2025 at 03:24pm

    Listing Provided by:

    Deanne Estrada DRE #02143621 323-697-6379,

    West Capital Real Estate

    Source: CRMLS,MLS#: OC25248346MLS LogoOriginating MLS: California Regional MLS

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Appliances
    • Laundry: Outside
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 1,440
    • Total interior livable area: 1,440 sqft

    Property

    Parking
    • Parking features: Asphalt, Driveway
    Features
    • 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: MultiFamily
    • 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: $764/sqft
    • Date on market: 10/27/2025
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan
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    Estimated market value

    $1,087,900

    $1.03M - $1.14M

    $1,909/mo

    Price history

    Price history
    DateEventPrice
    10/27/2025Price change$1,100,000-10.2%$764/sqft
    Source: CRMLS #OC25248346 Report a problem
    12/10/2024Listed for sale$1,225,000+157.9%$851/sqft
    Source: CRMLS #NDP2410488 Report a problem
    3/3/2014Listing removed$475,000$330/sqft
    Source: Real Estate Center #130053659 Report a problem
    10/6/2013Listed for sale$475,000$330/sqft
    Source: Real Estate Center #130053659 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $6,791/mo
    Principal & interest
    $5334
    Property taxes
    $1072
    Home insurance
    $385

      Climate risks

      Neighborhood: 92028

      Nearby schools

      GreatSchools rating

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