408 N Pico Ave Fallbrook, CA $1,075,000

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408 N Pico ave | Fallbrook (92028)

$1,075,000 | 2 Beds | 2 Baths (2 Full) | 1,440 Sq. Ft.

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. CRMLS OC26105529

Directions to property: CORNER OF PICO AVE AND EAST MISSION RD

MLS Listing ID: 
CRMLS OC26105529
Purchase
Community Information
School District: 
Fallbrook Union
Subdivision: 
Fallbrook
Association Fee: 
$0
Building Details
Details about the building on a property.
Stories: 
1
Year Built: 
1953
New Construction: 
0
Living Area: 
1,440
Fireplaces: 
None
Room Details
Details about the rooms in the building.
Total Bedrooms: 
2
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Cooling System: 
Wall/Window Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.24
Lot Size (Area): 
10,653
View: 
None
Lot Features
Parking Type: 
Asphalt, Driveway
Garage: 
0
Pool: 
None
Public Record
Parcel Number: 
1031310200
Listing Dates
Dates involved in the transaction.
Listing Date/Time: 
5/14/2026
Listing Entry Date/Time: 
5/14/2026
Status Change Date/Time: 
5/14/2026
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Deanne Estrada
Listing Office Name: 
West Capital Real Estate

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