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$1,075,000

  • For Sale
  • Active
  • Multi-Family
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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-producing property then becomes an income-producing POWERHOUSE. The caliber of exposure, zoning versatility, and proven income stream is nearly impossible to replicate at this price point.

Full Property Details for 408 N Pico Ave

General

  • Price: $1,075,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC25248346
  • Updated: 2/2/2026
  • Days on Market: 162 days
  • Added to Site: 165 day(s) ago

Rooms

Other Rooms

  • Laundry: Outside

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Driveway, Asphalt
  • Parking: Driveway, Asphalt

Location

  • Area: 92028 - Fallbrook
  • County: San Diego
  • Development Name: 92028 - Fallbrook
  • Driving Directions: CORNER OF PICO AVE AND EAST MISSION RD

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • Entry Location: Front
  • Square Feet: 1,440
  • Year Built: 1953

Unit Information

Unit 1

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.2446
  • Lot Size (Sq. Ft.): 10,653
  • Lot Size Source: Assessor
  • Lot Description: Corner Lot, Value In Land

Financial Considerations

  • Price Per Sq. Ft.: $746.53
  • Price Per Unit: 537500

Listed by West Capital Real Estate, Deanne Estrada

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Listing agent

— 408 N Pico Ave —

  • Deanne Estrada

    West Capital Real Estate

323-697-6379

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 408 N Pico Ave

School Districts:Fallbrook Union High School District, Fallbrook Union Elementary School District
NameGradesDistance
William H. Frazier Elementary School
1835 Gum Tree Lane, Fallbrook, CA 92028
K-61.7 mi
James E. Potter Intermediate School
1743 Reche Road, Fallbrook, CA 92028
7-82.1 mi
Fallbrook High School
2400 South Stage Coach Lane, Fallbrook, CA 92028
9-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 408 N Pico Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/02/2026
Price Reduced
$1,075,000
-2.27%
MLS
10/27/2025
Listed
$1,100,000
331.37%
MLS
6/27/2014
Sold
$255,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 408 N Pico Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,134
5%
$382,219
4%
2023
$3,923
—
$367,379
2%
2022
$3,918
3%
$360,176
2%
2021
$3,793
-1%
$353,115
1%
2020
$3,827
2%
$349,495
2%
2019
$3,757
2%
$342,643
2%
2018
$3,701
2%
$335,925
2%
2017
$3,629
25%
$329,339
25%
2016
$2,913
2%
$264,059
2%
2015
$2,854
163%
$260,094
170%
2014
$1,087
1%
$96,213
—
2013
$1,075
—
$95,779
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by West Capital Real Estate, Deanne Estrada

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408 N Pico Ave, Fallbrook, CA 92028 (MLS# OC25248346) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 408 N Pico Ave is currently listed for $1,075,000 and was received on October 27, 2025. Want to learn more about 408 N Pico Ave? Do you have questions about finding other Multi-Family real estate for sale in Fallbrook? You can browse all Fallbrook real estate or contact a Coldwell Banker agent to request more information.

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