$643,000
$26K PRICE DROP

522 S Pico Ave Fallbrook, CA 92028

Estimated payment $3,987/month

Total Views 4,325
3 Beds
1 Bath
1,206 Sq Ft
$533 Price per Sq Ft

Highlights

  • Creek or Stream View
  • Den
  • Bathtub with Shower
  • No HOA
  • Skylights
  • Laundry Room

About This Home

A True Gem in the Heart of Historic Fallbrook! This one-of-a-kind 3-bedroom, 1-bathroom residential/commercial property offers the best of both worlds — live and work in the vibrant heart of Fallbrook! Ideally located within walking distance to movie theaters, shopping, restaurants, and everyday amenities. Just a block over is Main Street, the site of regular town events in the self-proclaimed "Avocado Capital of the World." This unique opportunity allows you to own and operate a business right on your property — perfect for entrepreneurs or those seeking the work-from-home lifestyle.
Also included is a charming tiny trailer home featuring 1 bedroom, 1 bathroom, and a functional kitchenette. (Not permitted — buyer to verify potential uses.) Great as a rental unit, guest space, or office. Additional highlights: Spacious storage shed On-site RV parking Private wooden fence in backyard
Leased, affordable solar panels So many possibilities in this centrally located Fallbrook property — enjoy year-round community events, the small-town charm, and the convenience of having everything just steps away. Buyers are encouraged to conduct their own due diligence and verify all aspects of the property,. Whether you're an investor or a dreamer ready to own your own home-based business, this property is packed with potential! Must See!

Listing Agent

Denise Lopez

Performance Realty Brokerage Phone: 7602650811 License #01345545 Listed on: 04/25/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,134

Year Built

  • Built in 1949

Lot Details

  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Mixed Use
  • Composition Roof

Interior Spaces

  • 1,206 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Den
  • Creek or Stream Views
  • Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Converted Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Driveway

Location

  • Suburban Location

Utilities

  • Central Air
  • Water Heater

Community Details

  • No Home Owners Association
  • Fallbrook Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 27
  • Tax Tract Number 567
  • Assessor Parcel Number 1040620300
  • $29 per year additional tax assessments

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,134

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Structure Type: Mixed Use
  • Assessments: No
  • Other Phone Description: 7602650811
  • Property Attached: No
  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: FBV3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential
  • Parcel Number: 1040620300
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1206.00 Square Feet
  • Stories: 1
  • Entry Location: front
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 533.17
  • Room Type: Converted Bedroom, Den
  • Window Features: Skylight(s)
  • Bathroom Features: Shower In Tub

Exterior Features

  • View: Creek/Stream
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking Features: Asphalt
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Appliances: Electric Range, Water Heater
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Fallbrook Union Elementary

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6534.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 27
  • Tax Census Tract: 189.04
  • Tax Lot: 8
  • Tax Tract Number: 567
  • TaxOtherAnnualAssessmentAmount: 29.00

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $6,134 $611,998 $275,400 $336,598
2024 $6,134 $571,200 $265,200 $306,000
2023 $5,264 $485,000 $250,000 $235,000
2022 $5,266 $485,000 $250,000 $235,000
2021 $3,950 $367,764 $217,656 $150,108
2020 $3,983 $363,994 $215,425 $148,569
2019 $3,908 $356,857 $211,201 $145,656
2018 $3,773 $349,860 $207,060 $142,800
2017 $3,774 $343,000 $203,000 $140,000
2016 $1,932 $174,459 $103,586 $70,873
2015 $1,895 $171,840 $102,031 $69,809
2014 $1,860 $168,475 $100,033 $68,442
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Price Changed $643,000 -1.5% $533 / Sq Ft
08/20/2025 08/20/25 Price Changed $653,000 -0.9% $541 / Sq Ft
08/05/2025 08/05/25 Price Changed $659,000 -0.7% $546 / Sq Ft
07/13/2025 07/13/25 Price Changed $663,500 -0.2% $550 / Sq Ft
06/29/2025 06/29/25 Price Changed $665,000 -0.4% $551 / Sq Ft
06/14/2025 06/14/25 Price Changed $667,500 -0.1% $553 / Sq Ft
06/08/2025 06/08/25 Price Changed $668,500 -0.1% $554 / Sq Ft
04/25/2025 04/25/25 For Sale $668,900 +11.5% $555 / Sq Ft
02/05/2024 02/05/24 Sold $599,999 +0.2% $498 / Sq Ft
12/30/2023 12/30/23 Pending -- -- --
11/28/2023 11/28/23 For Sale $599,000 0.0% $497 / Sq Ft
09/18/2023 09/18/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $599,000 +7.0% $497 / Sq Ft
03/28/2023 03/28/23 Sold $560,000 -2.6% $464 / Sq Ft
02/17/2023 02/17/23 Pending -- -- --
01/17/2023 01/17/23 For Sale $574,999 +66.7% $477 / Sq Ft
09/02/2016 09/02/16 Sold $345,000 0.0% $288 / Sq Ft
08/18/2016 08/18/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $345,000 -- $288 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $600,000 Equity Title
Grant Deed $560,000 Lawyers Title
Grant Deed $485,000 Ticor Title Sd Branch
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $343,000 Fidelity Natl Title Ins Co
Interfamily Deed Transfer -- Fidelity Natl Title Ins Co
Grant Deed $160,000 First American Title Ins Co
Trustee Deed $223,923 First American Title Ins Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $425,000 Chicago Title
Grant Deed $242,500 California Title Company
Grant Deed $50,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $619,798 VA
Previous Owner $448,000 New Conventional
Previous Owner $476,215 New Conventional
Previous Owner $270,000 Seller Take Back
Previous Owner $218,000 Purchase Money Mortgage
Previous Owner $174,000 Unknown
Previous Owner $180,000 Small Business Administration
Previous Owner $181,875 Purchase Money Mortgage
Previous Owner $35,000 Seller Take Back
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HD25091776

California Regional Multiple Listing Service (CRMLS)

APN: 104-062-03