Listing provided courtesy of Lynn Stadille of RE/MAX Connections. Last updated 2024-04-30 08:11:26.000000. Listing information © 2022 Sandicor.
Asking Price: $1,398,000
408 PICO, Fallbrook CA 92028
Community: 92028 - Fallbrook
This 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 together and is zoned both Commercial and Residential. The total of contiguous lots combined is 10,653 sq feet/ .34 acre approx. 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.
