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.
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
Est.:
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
- 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#: OC25248346
Originating 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
Estimated market value
$1,087,900
$1.03M - $1.14M
$1,909/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2025 | Price change | $1,100,000-10.2%$764/sqft |
Source: | ||
| 12/10/2024 | Listed for sale | $1,225,000+157.9%$851/sqft |
Source: | ||
| 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
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
- 7/10William H. Frazier Elementary SchoolGrades: K-6Distance: 1.7 mi
- 4/10James E. Potter Intermediate SchoolGrades: 7-8Distance: 2.1 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 2.6 mi
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