Home | San Diego County | Fallbrook | 92028 | 408 N Pico Ave
MLS: CROC26105529 | Status: Active | Price: $1,075,000
Beds/Baths: 2 / 2
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 2 | 2 | 1,440 | 10,653 | 1953 |
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.
| Field | Value |
|---|---|
| MLS # | CROC26105529 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Fireplace | None |
| Laundry | Other |
| Cooling | Window/Wall Unit |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Other, Garage: 0 Car(s) |
| High School District | Fallbrook Union High |
| HOA Fee | $0 |
Deanne Estrada
West Capital Real Estate
License #: 02143621
Phone: –
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Maie Ellis Elementary | public | K-6 | 0.37 mi | 7 |
| Santa Margarita Academy | public | 4-8 | 0.37 mi | N/A |
| Fallbrook Street Elementary School | public | K-6 | 0.53 mi | 5 |
| Mike Choate Early Childhood Education Center | public | UG | 0.54 mi | N/A |
| Fallbrook Homeschool Academy (FHA) | public | K-8 | 1.09 mi | 10 |
| La Paloma Elementary School | public | K-6 | 1.09 mi | 9 |
| William H. Frazier Elementary School | public | K-6 | 1.63 mi | 7 |
| James E. Potter Intermediate School | public | 7-8 | 2.14 mi | 5 |
| Live Oak Elementary School | public | K-6 | 2.25 mi | 8 |
| Oasis High (Alternative) School | public | 9-12 | 2.49 mi | 5 |
| Fallbrook High School | public | 9-12 | 2.55 mi | 6 |
| Ivy High (Continuation) School | public | 9-12 | 2.76 mi | 2 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2399 Paige Circle | $1,150,000 | 4 | 3/1 | 2,400 | Active |
| 1282 Olive Ave | $1,195,000 | 5 | 3 | 3,133 | Active |
| 1256 E Fallbrook | $935,000 | 4 | 3 | 1,922 | Active |
| 2020 Avocado Knoll Ln | $1,250,000 | 4 | 3 | 2,415 | Active |
| 1370 Friends Way | $1,000,000 | 4 | 3 | 1,924 | Active |
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This listing information is up-to-date as of May 14, 2026. For the most current information, please contact Deanne Estrada.