Property 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 an office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet. 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.

Features
: Other
: Other
: Corner Lot, Paved
: Other
Address Map
CA
San Diego
Fallbrook
92028
408 N PICO
0
E0° 0' 0''
N0° 0' 0''
CORNER OF PICO AND EAST MISSION
MLS Addon
RE/MAX Connections
Lynn Stadille
lstadille@aol.com
CR123521309
CR123178745

Residential Income For Sale

408 N PICO, Fallbrook, California 92028

1,440 Sqft
$1,200,000
Listing ID #CRNDP2407143
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : CRNDP2407143
Price : $1,200,000
Square Footage : 1,440 Sqft
Year Built : 1953
Lot Area : 14,810 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent