408 N Pico Ave Fallbrook, CA 92028
Estimated payment $6,134/month
Highlights
- Corner Lot
- Laundry Room
- 1-Story Property
About This Home
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.
Listing Agent
West Capital Real Estate Brokerage Phone: 323-697-6379 License #02143621 Listed on: 10/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,037
Year Built
- Built in 1953
Lot Details
- 10,653 Sq Ft Lot
- 1 Common Wall
- Corner Lot
- 103-131-03-00, 103-131-04-00
- Value in Land
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 1,440 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- Parking Available
- Driveway
Location
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 1031310200
Community Details
Overview
- 2 Buildings
- 2 Units
- Fallbrook Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,037 | $382,219 | $220,649 | $161,570 |
| 2024 | $4,037 | $374,725 | $216,323 | $158,402 |
| 2023 | $3,923 | $367,379 | $212,082 | $155,297 |
| 2022 | $3,918 | $360,176 | $207,924 | $152,252 |
| 2021 | $3,793 | $353,115 | $203,848 | $149,267 |
| 2020 | $3,827 | $349,495 | $201,758 | $147,737 |
| 2019 | $3,757 | $342,643 | $197,802 | $144,841 |
| 2018 | $3,701 | $335,925 | $193,924 | $142,001 |
| 2017 | $3,629 | $329,339 | $190,122 | $139,217 |
| 2016 | $2,913 | $264,059 | $186,395 | $77,664 |
| 2015 | $2,854 | $260,094 | $183,596 | $76,498 |
| 2014 | $1,087 | $96,213 | $86,543 | $9,670 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/27/2025 10/27/25 | For Sale | $1,100,000 | +331.4% | $764 / Sq Ft | |
| 06/27/2014 06/27/14 | Sold | $255,000 | 0.0% | $319 / Sq Ft | View Prior Sale |
| 05/01/2014 05/01/14 | Pending | -- | -- | -- | |
| 03/23/2014 03/23/14 | For Sale | $255,000 | -- | $319 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $255,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25248346
APN: 103-131-04
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
- 435 W Hawthorne St
- 251 Royal Glen Dr
- 212 S Wisconsin St
- 637 Iowa St
- 425 E Dougherty St
- 720 W Fig St
- 502 E Elder St
- 678 Robby Way
- 522 S Pico Ave
- 868 E Alvarado St
- 868 E Alvarado St Unit 47
- 868 E Alvarado St Unit 7
- 868 E Alvarado St Unit 27
- 508 Village View Place
- 728 Hackberry Place
- 503 Potter St
- 510 Hilbert Dr
- 812 Quail Hill Rd
- 1120 E Mission Rd Unit 33
- 1120 E Mission Rd Unit 76
- 321 W Kalmia St
- 535 Minnesota Ave
- 703 W College St
- 529 Alturas Rd
- 302-338 E Fallbrook St
- 522 W Fallbrook St
- 217 Potter St
- 713 E Elder St Unit 8
- 729 E Elder St Unit A
- 744 W Fallbrook St
- 868 E Alvarado St Unit 868 E. Alvarado St. #1
- 923 Alturas Rd
- 1361 De Luz Rd
- 1101 Alturas Rd
- 1315 E Mission Rd
- 338 Ammunition Rd
- 426 Ammunition Rd
- 145 W Clemmens Ln
- 519 Ammunition Rd
- 303 W Clemmens Ln