408 N Pico, Fallbrook, CA 92028
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Listed Price :
$1,248,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1953
Property Description
Investment Opportunity in Fallbrook! REDUCED AGAIN! Total reduc. of $150K! Corner property with 3 lots being sold together and are zoned Commercial and Residential. Inc. 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. The property has been used for a successful car sales business and zoning may indicate additional apartments may be added. 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. PER AGT. RENTS ARE LOW...GOOD LONG TERM TENANTS This asset has high street visibility at the North end of town within walking distance to the heart of Fallbrook Village, theatre, shops, restaurants and bars, 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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
408 N Pico |
| City |
Fallbrook |
| State |
CA |
| Zip |
92028 |
| County |
San Diego |
| Listing Agent |
Lynn Stadille DRE #00512083 |
| Co-Listing Agent |
Lisa Stadille DRE #01021501 |
| Courtesy Of |
RE/MAX Connections |
| List Price |
$1,248,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
N/A |
| Year Built |
1953 |
Listing information courtesy of: Lynn Stadille, Lisa Stadille, RE/MAX Connections. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
