Listing provided courtesy of Lynn Stadille of RE/MAX Connections. Last updated 2024-05-02 09:28:44.000000. Listing information © 2022 Sandicor.
Asking Price: $1,398,000
408 PICO, Fallbrook CA 92028
Community: 92028 - Fallbrook
This Mixed Use property was built in 1953 and is priced at $1,398,000. Please see the additional details below.
Investment Opportunity in Fallbrook! Corner property with 3 lots being sold together and are zoned Commercial and Residential. 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. 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. This asset has high street visibility at the North end of town within walking distance to the heart of town, 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.
