408 N Pico Ave Fallbrook, CA 92028
Estimated payment $6,153/month
Highlights
- Corner Lot
- Home Office
- Laundry Room
- No HOA
- Cooling System Mounted To A Wall/Window
- 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: 05/14/2026
Property Details
Home Type
- Multi-Family
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
- Mixed Use
Interior Spaces
- 1,440 Sq Ft Home
- 1-Story Property
- Entryway
- Home Office
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- Parking Available
- Driveway
Additional Features
- Suburban Location
- Cooling System Mounted To A Wall/Window
Community Details
- No Home Owners Association
- 2 Units
- Fallbrook Subdivision
Listing and Financial Details
- Assessor Parcel Number 1031310200
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 |
|---|---|---|---|---|---|
| 05/14/2026 05/14/26 | For Sale | $1,075,000 | +321.6% | $747 / 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $255,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26105529
APN: 103-131-04
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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
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