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For sale
  • Listing Provided by: West Capital Real Estate
    Price cut: $25K (2/2)
    $1,075,000

    408 N Pico Ave, Fallbrook, CA 92028

    2beds
    2baths
    1,440sqft
    : 
    Mixed Use
    Built in 1953
    -- sqft lot
    $1,051,400 Zestimate®
    $747/sqft
    $-- HOA

    What's special

    Commercial officeHigh-visibility cornerMaximum visibility and frontageResidential duplexSignalized hard cornerClean interiorsThree contiguous lots
    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.
    158 days
    |
    398
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 02, 2026 at 02:23pm

    Listing Provided by:

    Deanne Estrada DRE #02143621 323-697-6379,

    West Capital Real Estate

    Source: CRMLS,MLS#: OC25248346MLS LogoOriginating MLS: California Regional MLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      Appliances
      • Laundry: Outside
      Features
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 1,440
      • Total interior livable area: 1,440 sqft

      Property

      Parking
      • Parking features: Asphalt, Driveway
      Features
      • Entry location: Front
      • Pool features: None
      Lot
      • Size: 10,653 Square Feet
      • Features: Corner Lot, Value In Land
      Details
      • Additional parcels included: 1031310300, 1031310400
      • Parcel number: 1031310200
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Mixed Use
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1953

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Suburban
      • Subdivision: Fallbrook
      Location
      • Region: Fallbrook

      Financial & listing details

      • Price per square foot: $747/sqft
      • Date on market: 10/27/2025
      • Cumulative days on market: 158 days
      • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan
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        Estimated market value

        $1,051,400

        $999,000 - $1.10M

        $1,425/mo

        Price history

        Price history
        DateEventPrice
        2/2/2026Price change$1,075,000-2.3%$747/sqft
        Source: CRMLS #OC25248346 Report a problem
        10/27/2025Price change$1,100,000-10.2%$764/sqft
        Source: CRMLS #OC25248346 Report a problem
        12/10/2024Listed for sale$1,225,000+157.9%$851/sqft
        Source: CRMLS #NDP2410488 Report a problem
        3/3/2014Listing removed$475,000$330/sqft
        Source: Real Estate Center #130053659 Report a problem
        10/6/2013Listed for sale$475,000$330/sqft
        Source: Real Estate Center #130053659 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        BuyAbility℠ payment

        Est. payment
        $6,312/mo
        Principal & interest
        $5264
        Property taxes
        $1048
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          Climate risks

          Neighborhood: 92028

          Getting around

          88 / 100
          Very Walkable
          39 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 92028

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