408 N Pico Ave
Fallbrook, CA 92028
2
Bed
2
Bath
1,440Sqft
10,653Sqft(Lot)
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-prod
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 2Bathroom Information
Total Baths: 2 Full Baths: 2Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Fireplace: None -
Cooling Features
Wall/Window Unit(s) Air ConditioningFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1953 -
Pool Features
NoneLaundry Features
Outside
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2446 -
Lot Size Source: Assessor Lot Size Square Feet: 10653
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Listing Price Information
Original List Price: 1,075,000 Listing Contract Date: 2026-05-14 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 1031310200
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Garage and Parking
Garage Description: Asphalt,DrivewayHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: 92028 - Fallbrook Directions: CORNER OF PICO AVE AND EAST MISSION RD Source Property Type: Residential Area: 92028 - Fallbrook Property SubType: Mixed Use -
Building and Construction
Property Age: 73 Common Walls: 1 Common Wall Structure Type: Mixed Use Year Built Source: Assessor Total Square Feet Living: 1440 Entry Level: 1 Entry Location: Front Property Attached: Yes Levels or Stories: One Building Total Stories: 1 Structure Type: Mixed Use
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 575 Twin Country Lane, Fallbrook, CA, 92028 | $1,950,000 | 4 | 3 | 3,254 | 3,254 SqFt |
| 10204 Mount Olympus Val.., Fallbrook, CA, 92028 | $1,350,000 | 3 | 2 | 2,948 | 2,948 SqFt |
| 38942 Jubilee Way, Fallbrook, CA, 92028 | $499,000 | 3 | -- | 1,175 | 1,175 SqFt |
| 6750 Rainbow Heights Road, Fallbrook, CA, 92028 | $1,300,000 | 4 | 2 | 3,168 | 3,168 SqFt |
| 1991 Via Ladera, Fallbrook, CA, 92028 | $1,000,000 | 3 | 3 | 2,498 | 2,498 SqFt |
| 1485 Via Ladera, Fallbrook, CA, 92028 | $1,299,990 | 4 | 3 | 3,206 | 3,206 SqFt |
| 6133 Rainbow Heights Rd, Fallbrook, CA, 92028 | $699,000 | 2 | 1 | 1,826 | 1,826 SqFt |
| 6036 Rainbow Heights Road, Fallbrook, CA, 92028 | $3,999,000 | 4 | 3 | 2,568 | 2,568 SqFt |
| 5461 Rainbow Creek, Fallbrook, CA, 92028 | $999,000 | 4 | 1 | 2,000 | 2,000 SqFt |
| 823 Rice Canyon Rd, Fallbrook, CA, 92028 | $898,000 | 4 | 4 | 2,674 | 2,674 SqFt |
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ByOwner last updated this listing 06/06/2026 @ 02:15
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