408 N Pico Ave

Fallbrook, CA 92028

$1,075,000
Price
—
Beds
—
Baths
1,440 Sq. Ft.
$747 / Sq. Ft.
1,440
Sq. Ft.
$747
per Sq. Ft.
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Description

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,...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.
  1. Listed by Deanne Estrada • DRE #02143621 • Brokerage DRE #02022356 • West Capital Real Estate • 323-697-6379

Property Details for 408 North Pico Avenue

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1440
LISTING UPDATED: 05/29/2026 09:53 AM

Property Details for 408 North Pico Avenue

StatusActive
MLS #OC26104909
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeResidential / Mixed Use
Year Built1953
Lot Size0.24 AC / 10,653 SF
CountySan Diego County
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Location

Listing Courtesy of West Capital Real Estate, Deanne Estrada, DRE #02143621
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Building Information for 408 North Pico Avenue

Stories1Year Built1953Building Size-Lot Size0.24 AC / 10,653 SF

Payment Calculator

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$5,357 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,357

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 408 North Pico Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Lot: 0
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Room Type: Entry, Laundry, Office
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Laundry: Yes
  • Laundry Features: Outside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Entry Location: Front
  • Structure Type: Mixed Use
  • View Description: None
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 103-131-03-00, 103-131-04-00
  • Lot Features: Corner Lot, Value In Land
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Asphalt, Driveway
Property / Structure Info
  • Builders Tract Name: Fallbrook
  • Builders Tract Code: Fallbrook
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Number Of Buildings: 2

Property History for 408 North Pico Avenue

DateEvent & SourcePriceAppreciation
May 14, 2026

Listed (Active)

CRMLS #OC26105529

$1,075,000—
May 14, 2026

Listed (Active)

CLAW #OC26105529MR

$1,075,000—
May 13, 2026

Listed (Active)

CRMLS #OC26104909

$1,075,000—
DateEvent & SourcePrice
05/14/2026

Listed (Active)

CRMLS #OC26105529

$1,075,000
05/14/2026

Listed (Active)

CLAW #OC26105529MR

$1,075,000
05/13/2026

Listed (Active)

CRMLS #OC26104909

$1,075,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 408 North Pico Avenue

This home is within Fallbrook Union High School District.
Rating
School
Type
Grades
Distance
William H. Frazier Elementary School
Public - K to 6
James E. Potter Intermediate School
Public - 7 to 8
Fallbrook High School
Public - 9 to 12
Ivy High (Continuation) School
Public - 9 to 12
Rating
School
Distance
William H. Frazier Elementary School
PublicK to 6

James E. Potter Intermediate School
Public7 to 8

Fallbrook High School
Public9 to 12

Ivy High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 408 North Pico Avenue, Fallbrook, CA 92028

408 North Pico Avenue is a mixed use property for sale in Fallbrook, CA 92028. This property was listed for sale on May 13, 2026 by West Capital Real Estate, it's currently listed at $1,075,000. It has been on the market for a total of 45 days and was last sold on June 27, 2014. This listing's school districts are Fallbrook Union Elementary School District, Fallbrook Union High School District. Nearby schools include William H. Frazier Elementary School, James E. Potter Intermediate School and Fallbrook High School. 408 North Pico Avenue is a 0-bed, 0-bath, 1,440 sqft mixed use property built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of West Capital Real Estate, Deanne Estrada, DRE #02143621

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 SDMLS®, Inc.