A True Gem in the Heart of Historic Fallbrook! This one-of-a-kind 3-bedroom, 1-bathroom residential/commercial property offers the best of both worlds — live and work in the vibrant heart of Fallbrook! Ideally located within walking distance to movie theaters, shopping, restaurants, and everyday amenities. Just a block over is Main Street, the site of regular town events in the self-proclaimed "Avocado Capital of the World." This unique opportunity allows you to own and operate a business right on your property — perfect for entrepreneurs or those seeking the work-from-home lifestyle.
Also included is a charming tiny trailer home featuring 1 bedroom, 1 bathroom, and a functional kitchenette. (Not permitted — buyer to verify potential uses.) Great as a rental unit, guest space, or office. Additional highlights: Spacious storage shed On-site RV parking Private wooden fence in backyard
Leased, affordable solar panels So many possibilities in this centrally located Fallbrook property — enjoy year-round community events, the small-town charm, and the convenience of having everything just steps away. Buyers are encouraged to conduct their own due diligence and verify all aspects of the property,. Whether you're an investor or a dreamer ready to own your own home-based business, this property is packed with potential! Must See!
For sale
Listing Provided by:
Denise Lopez DRE #01345545 7602650811,
Performance Realty
$643,000
522 S Pico Ave, Fallbrook, CA 92028
3beds
1,206sqft
Est.:
Mixed Use
Built in 1949
6,534 Square Feet Lot
$639,500 Zestimate®
$533/sqft
$-- HOA
What's special
Functional kitchenetteCharming tiny trailer home
- 231 days |
- 605 |
- 9 |
Zillow last checked: 8 hours ago
Listing updated: October 13, 2025 at 05:52pm
Listing Provided by:
Denise Lopez DRE #01345545 7602650811,
Performance Realty
Source: CRMLS,MLS#: HD25091776
Originating MLS: California Regional MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Converted Bedroom, Den
Bathroom
- Features: Tub Shower
Cooling
- Central Air
Appliances
- Included: Electric Range, Water Heater
- Laundry: Inside
Features
- Windows: Skylight(s)
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,206 sqft
Property
Parking
- Total spaces: 1
- Parking features: Asphalt, None
- Uncovered spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: front
- Pool features: None
- Has view: Yes
- View description: Creek/Stream
- Has water view: Yes
- Water view: Creek/Stream
Lot
- Size: 6,534 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 1040620300
- Zoning: FBV3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1949
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: $533/sqft
- Tax assessed value: $611,998
- Annual tax amount: $6,598
- Date on market: 4/25/2025
- Cumulative days on market: 231 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,Submit
Estimated market value
$639,500
$608,000 - $671,000
$2,889/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2025 | Price change | $643,000-1.5%$533/sqft |
Source: | ||
| 8/21/2025 | Price change | $653,000-0.9%$541/sqft |
Source: | ||
| 8/6/2025 | Price change | $659,000-0.7%$546/sqft |
Source: | ||
| 7/14/2025 | Price change | $663,500-0.2%$550/sqft |
Source: | ||
| 6/30/2025 | Price change | $665,000-0.4%$551/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,598 +7.6% | $611,998 +7.1% |
| 2024 | $6,134 +16.5% | $571,200 +15.5% |
| 2023 | $5,264 0% | $494,700 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,918/mo
Principal & interest
$3066
Property taxes
$627
Home insurance
$225
Climate risks
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Fallbrook Street Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10James E. Potter Intermediate SchoolGrades: 7-8Distance: 1.9 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 2.1 mi
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