About 408 N Pico Ave
REDUCED! 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.
Features of 408 N Pico Ave
| MLS® # | OC26105529 |
|---|---|
| Price | $999,900 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,440 |
| Lot Size | 10,653 |
| Year Built | 1953 |
| Type | Residential |
| Sub-Type | Mixed Use |
| Status | Active |
| # Of Units | 2 |
Community Information
| Address | 408 N Pico Ave |
|---|---|
| Area | 92028 - Fallbrook |
| Subdivision | Fallbrook |
| City | Fallbrook |
| County | San Diego |
| Zip Code | 92028 |
Amenities
| Parking | Driveway, Asphalt |
|---|---|
| Garages | Driveway, Asphalt |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | Corner Lot, Value In Land |
|---|
School Information
| District | Fallbrook Union |
|---|
Additional Information
| Date Listed | May 14th, 2026 |
|---|---|
| Days on Market | 121 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Deanne Estrada |
|---|---|
| Office | West Capital Real Estate |