408 North Pico Avenue

408 North Pico Avenue

Fallbrook, CA 92028

$1,398,000
Price
—
Beds
1,440 Sq. Ft.
$971 / Sq. Ft.
1,440
Sq. Ft.
$971
per Sq. Ft.
a front view of a house with a yard and garage
a front view of a house with a yard and potted plants
a view of a terrace
a park with lots of tress in front of it
a view of a garden with an empty space
a living room with furniture and a large window
a bedroom with a bed and a couch
a bedroom with a bed and wooden floor
a living room with furniture and a rug
a room with storage and utility
a utility room with dryer and washer
a bedroom with a bed and window
a bedroom with a bed and a window
a bathroom with a sink and a window
a stove top oven sitting inside of a kitchen
a bathroom with a shower and a glass door
a bathroom with a sink and washing machine
a view of washer and dryer
a view of a livingroom with a window
a view of hallway with wooden floor
a view of room
a view of a wooden door in front of a house
a view of a house with a small yard and wooden fence
a street view of a house
a view of balcony
a picture of tree
a view of a balcony
a view of a house with a yard

Description

Investment Opportunity in Fallbrook! Corner property with 3 lots being sold together and are zoned Commercial and Residential. The total of contiguous lots combined is approx 14,810 sq feet (.34 acre). Use of this property could be repositioned to suit new owners needs within county guidelines. 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...Investment Opportunity in Fallbrook! Corner property with 3 lots being sold together and are zoned Commercial and Residential. The total of contiguous lots combined is approx 14,810 sq feet (.34 acre). Use of this property could be repositioned to suit new owners needs within county guidelines. 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.
  1. Listed by Lynn Stadille • DRE #00512083 • Brokerage DRE #02073643 • RE/MAX Connections • lstadille@aol.com

Property Details for 408 North Pico Avenue

Parking Spaces Total
0
Total Units
2.0
Lot Size Source
Assessor
Building Area Total
1440
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Association Fee
$.00

Location

Listing Courtesy of RE/MAX Connections, Lynn Stadille, DRE #00512083
Add your commute
LISTING UPDATED: 04/13/2024 11:28 PM

Property Details for 408 North Pico Avenue

StatusActive
MLS #NDP2402947
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1953
Lot Size0.34 AC / 14,810 SF
CountySan Diego County

Location

Listing Courtesy of RE/MAX Connections, Lynn Stadille, DRE #00512083
Add your commute

Building Information for 408 North Pico Avenue

Stories2Residences-Year Built1953Lot Size0.34 AC / 14,810 SF

Payment Calculator

$7,629 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,629

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 408 North Pico Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $26,220
  • Net Operating Income: $0
  • Cap Rate: 1.8
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Real Estate Tax Expense: $0
  • Total Expenses: $0
Property / Structure Info
Interior Features
Exterior Features
  • Fence: No
Land/Lot Info
  • Sign on Property: Yes
  • Additional Parcels Description: 103-131-03-00 and 103-131-04-00
  • Lot Features: Corner Lot
  • Water Source: Public
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,250
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $935
  • Unit Type Type: 2
Unit Information
  • Number Of Buildings: 2

Property History for 408 North Pico Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass 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
Maie Ellis Elementary
Public - K to 6
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

Maie Ellis Elementary
PublicK to 6

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 April 9, 2024 by RE/MAX Connections, it's currently listed at $1,398,000. This listing's school districts are Fallbrook Union High School District, Fallbrook Union Elementary 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Connections, Lynn Stadille, DRE #00512083

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