408 N Pico ave, Fallbrook, CA 92028
408 N Pico ave, Fallbrook, CA 92028
Property Description
REDUCED! HIGH-VISIBILITY CORNER!!! RESIDENTIAL DUPLEX + COMMERICIAL OFFICE. Own the entire corner. This property offers a rare chance for an owner-occupant seeking an income-producing property. 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. This is already an income-producing property. The caliber of exposure, zoning versatility, and proven income stream is nearly impossible to replicate at this price point.
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About Fallbrook
This property is located in Fallbrook, a community in Fallbrook. Explore more listings in this neighborhood to compare options and pricing.
View Fallbrook ListingsComparative Market Analysis
Affordable Tier · 0 active · 1 closed
Fallbrook · Fallbrook · Commercial/Residential
Listed 9.1% below the median closed sale of $1,100,000. Price per sqft ($694) is a 27% discount to closed comps ($950). Closed comps sold at 92% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 153 days on market.
Price Position
Priced below the market — value advantage over the field.
Closed Properties (1)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1881 Fuerte Street | Fallbrook | 1953 | 09/25/2025 | 3 | 1 | 1,158 | 253,519 | $1.20M | $1.10M | $950 | 0.92 | 153 | 52 |
| Total: 1 · Average | 3.0 | 1.0 | 1,158 | 253,519 | $1.10M | $1.10M | $950 | — | 153 | ||||
| Median | 1,158 | $1.10M | $1.10M | ||||||||||
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.