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REDUCED! 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.
| Address |
408 N Pico ave
Fallbrook, CA 92028 |
| Listing Status | ACTIVE |
| Asking Price | $999,900 |
| On Market Date | $1,075,000 @ May 14, 2026 |
| Listed / On-Market Entered | Aug 5, 2026 |
| Original Entry | May 14, 2026 |
| Square Footage | 1440 sf |
| Bedrooms | 2 |
| Full Bathrooms | 2 |
| Directions | CORNER OF PICO AVE AND EAST MISSION RD |
| Market Area | 92028 - Fallbrook |
| Complex | Fallbrook |
| School District | Not Listed |
| Age Restriction | 0 |
| Property Type | |
| Mello-Roos Fee | $0 |
| HOA Fee | $0 |
| HOA Features | Suburban |
| Timeline | Notes |
|---|---|
| Aug 6, 2026 | Price reduced to $999,900 #OC26105529 |
| May 14, 2026 | Listed for $1,075,000 #OC26105529 |
| County | San Diego |
| Assessor Parcel# | 1031310200 |
| Geographic Areas | |
| Highway Locator |
West of I-15 East of I-5 North of SR-78 |
| Ocean Distance | 13.7 miles |
| Style | Commercial/Residential |
| Material | Not Listed |
| Lot Size | ~ 10,653 sf |
| Fencing | Not Listed |
| Topography | Not Listed |
| Entry Steps | 1 |
| Swimming Pool | None |
| Parking |
Asphalt
Driveway
Total Spaces: 0
Garage Spaces: 0
Non-Garage Spaces:
0 -
|
| View | None |
| Year Built | 1953 (source: Assessor) |
| Laundry Location | Outside |
| Elevator | Not Listed |
| Cooling | Wall/Window Unit(s) |
| Heating | |
| Sewer/Septic | Public Sewer |
| Fireplaces | None (0) |
| Additional Parcels | Yes |
| Additional Parcels Description | 103-131-03-00, 103-131-04-00 |
| Appliances | No |
| Assessments | No |
| Association | No |
| Association Fee 2 | 0 |
| Attached Garage | No |
| Below Grade Finished Area | 0 |
| Carport Spaces | 0 |
| Common Walls | 1 Common Wall |
| Cooling | Yes |
| Entry Location | Front |
| Heating | No |
| High School District | Fallbrook Union |
| Land Lease | No |
| Laundry | Yes |
| Levels | One |
| Living Area Source | Assessor |
| Living Area Units | Square Feet |
| Lot Features | Corner Lot, Value In Land |
| Lot Size Source | Assessor |
| Lot Size Units | Square Feet |
| Main Level Bathrooms | 2 |
| Main Level Bedrooms | 2 |
| New Construction | No |
| Number Of Units Total | 2 |
| Number Remotes | 0 |
| Parking | Yes |
| Patio | No |
| Pool Private | No |
| Property Attached | Yes |
| Sprinklers | No |
| Tax Model | |
| View | No |
| Well Depth | 0 |
| Well Gallons Per Minute | 0 |
| Well Pump Horsepower | 0 |
| Well Report | No |
| Platform | CRMLS |
| AOR | Orange County |
| MLS Number | OC26105529 |
| Courtesy of | West Capital Real Estate |
| Listing Agent |
Deanne
Estrada
323-697-6379 |
https://www.californiatophomes.com/OC26105529