$8,906 Closing Credit¹
#NDP2410748, Barbara Rodriguez, Listing Office: Sunshine Properties RealEstate
$1,225,000 List price
408 N Pico Fallbrook, CA 92028
$10,000
Closing credit¹
0.3 acres
House
Property details
About 408 N Pico
Investment Opportunity in Fallbrook! Just reduced again...total of $150K!! Corner property with 3 lots together and is zoned both Commercial and Residential Inc. 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 a vacant office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet- half of this office building is just recently being advertised as also available to rent for $1,900 per month ( or with a few cost effective basic improvements, the entire office building may be rented for approx $3500 per month ) which, if rented, would could potentially increase the cap rate/ yearly income to over $69k! Previously was a successful used car lot! The second building is a duplex that is currently rented month-to-month to long-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 $1,028.50 per month. Agt opinion-rents are LOW. This asset has high street visibility at the North end of town within walking distance to the heart of Fallbrook's Village, theatre, restaurants, shops, 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.
Highlights
Home typeOther
StatusActive
Lot size0.34 Acres
Year built1953
MLS #NDP2410488
Virtual tour
Summary
- MLS Number: NDP2410488
- MLS Name: CRMLS
- Office Name: RE/MAX Connections
- Office Email: lisastadille@aol.com
- Listing Agent: Lisa Stadille
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 12:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,225,000
408 N Pico
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
4
Maie Ellis Elementary School
Public District KG-6
0.4 mi
•400 W Elder St
5
Fallbrook Street Elementary School
Public District KG-6
0.5 mi
•405 W Fallbrook St
7
La Paloma Elementary School
Public District KG-6
1.1 mi
•300 Heald Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,948. Most Fallbrook, CA residents have annual incomes less than $<35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
57%
<35k
34%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
44%
Single, No Kids
14%
Single, with Kids
17%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
29%
18-34 yrs old
30%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Figure Skating
Horse Races
Where do the neighbors shop?
Burlington
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Popeyes
Church's Chicken
LongHorn Steakhouse
What do the neighbors drive?
Dodge
Cadillac
Buick
What do the neighbors listen to?
Urban Contemporary
Jazz
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 408 N Pico
This home is located at 408 N Pico in Fallbrook, CA and zip code 92028. Features: 0 bathroom. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $1,225,000.
In February 2025 more than 7 listings in Fallbrook, CA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 15 were sold below. In February 2025 in Fallbrook, CA there were 4.6% more homes for sale than in January. The median list price of listings available in February 2025 was $871,285, while the average time on the real estate market was 46 days.
From Rocket Homes Real Estate and based on county public records data.