ACTIVE
408 N Pico
Fallbrook CA, 92028
$1,298,000
ACTIVE
1 Bed
Multi-family
Investment Opportunity in Fallbrook! Just reduced $100k! Corner property with 3 lots together and is zoned both Commercial and Residential. The total of contiguous lots combined is 10,653 sq feet/ .34 acre approx. Use of this property could be repositioned to suit new owners needs within county guidelines. The property has been used for a successful car sales business and zoning may indicate additional apartments may be added. One structure is an office building with hard-wired sprinkler system and security cameras, and is approx 640 sq feet. The second building is a duplex that is currently rented month-to-month to lng-standing tenants with a great paying history. Each duplex unit is approx 400 sq ft. One is rented for $1,250 per month and one is rented for $935 per month. This asset has high street visibility at the North end of town within walking distance to the heart of town, and may be suitable to a cash buyer, cash to new loan or a 1031 exchange property. Expenses are not shown in MLS, but will be shown to serious buyers only. All above remark info is per seller- buyer to verify.
NDP2402949
MLSⓇ ID
April 8, 2024
Listed
May 10, 2024
Updated
Map
408 N Pico
Fallbrook CA, 92028
Interior Features
Total Stories
2
Bedrooms
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.34 Acres
Lot Features
Corner Lot, Curbs, Sidewalks
Other Property Details
Days on Market
31
Garage
No
View
No
County
San Diego
Pool
No
Pool Features
None
Zoning
Assessor
Buyer Agency Compensation
2.25%
Listing History
Date | Event | Price |
|---|---|---|
5/9/2024 | Price Change | $1,298,000 -8% |
Listed by RE/MAX Connections, Lynn Stadille,
Listing Contact: 760-845-3059
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Data last updated 4:08 AM UTC, 5/10/2024
