408 N Pico

Fallbrook, CA 92028

  • 0 Bed(s)
  • 0 Bath(s)
  • 1,440 Sqft
  • 14810.4
    Sqft(Lot)
$1,225,000

Description

Investment opportunity in fallbrook! just reduced again...total of $150k!! corner property with 3 lots together and is zoned both commercial and residential inc. 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. the property has been used for a successful car sales business and zoning may indicate additional apartments may be added. one structure is a vacant office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet- half of this office building is just recently being advertised as also available to rent for $1,900 per month ( or with a few cost effective basic improvements, the entire office building may be rented for approx $3500 per month ) which, if rented, would could potentially increase the cap rate/ yearly income to over $69k! previously was a successful used car lot! the second building is a duplex that is currently rented month-to-month to long-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 $1,028.50 per month. agt opinion-rents are low. this asset has high street visibility at the north end of town within walking distance to the heart of fallbrook's village, theatre, restaurants, shops, 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.

  • Property Type

    Residential Income

  • County

    San Diego

  • Style

    Residential Income

  • AD ID

    47986389

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1953
    • Building Area Total: 1,440

    Pool Features

    • None

    Laundry Features

    • Outside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.34
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 14810.4

  • Listing Price Information

    • Original List Price: 1,225,000
    • Listing Contract Date: 2024-12-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 1031310200

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 92028 - Fallbrook
    • Directions: DRIVE BY ONLY! DO NOT GO ONTO PROPERTY. DO NOT DISTURB TENANTS. CONTACT LISTING AGENT RE SHOWING INFO.
    • Zoning: PER SELLER, ZONINGIS BOTH
    • Source Property Type: Residential Income
    • Area: 92028 - Fallbrook

    Building and Construction

    • Property Age: 71
    • Common Walls: 1 Common Wall
    • Year Built Source: Owner
    • Entry Level: 1
    • Entry Location: FRONT
    • Property Attached: Yes
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BuyOwner last updated this listing 12/18/2024 @ 04:56

  • MLS: NDP2410488
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 1,440 sqft, 14,810 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Fallbrook , in zip code 92028, this San Diego County Home are nearby neighborhoods.