new - 7 days on rocket

408 N Pico, Fallbrook, CA, 92028

$1,225,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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408 N Pico, Fallbrook$1,225,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1953
MLS #NDP2410488
Lot Size0.34 Acres
StatusActive

About 408 N Pico

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 a vacant office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet- half of this office building is just recently being advertised as also available to rent for $1,900 per month ( or with a few cost effective basic improvements, the entire office building may be rented for approx $3500 per month ) which, if rented, would could potentially increase the cap rate/ yearly income to over $69k! 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.

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX Connections
  • Office Email: lisastadille@aol.com
  • Listing Agent: Lisa Stadille

Exterior Features

Exterior Information:

  • Private Pool: No

Virtual/3D Tour

  • Virtual Tour: 408 N Pico
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Lot Features

Lot Information:

  • Lot: Corner Lot, Paved
  • Lot Size: 0.34 Acres

Other

Directions Information:

  • Directions: DRIVE BY ONLY! DO NOT GO ONTO PROPERTY. DO NOT DISTURB TENANTS. CONTACT LISTING AGENT RE SHOWING INFO.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,225,000
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Housing Market Comparison

See how this home compares to others in Fallbrook, CA.

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Fallbrook, CA

City

Med. Sold Price

$862.8K

Med. Price/SqFt

$425

Avg. Days On Market

30

# of Sold Homes

45

408 N Pico vs Fallbrook

7 DAYS ON ROCKET

-23 Days

$1,225,000

+$362.1K More

KEY TAKEAWAY

This property is $362.1K more than the Median Sold Price in Fallbrook, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #NDP2410488

Listing Office:

  • Office Name: RE/MAX Connections
  • Office Email: lisastadille@aol.com
  • Listing Agent: Lisa Stadille

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,181

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,739

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4320494
4
/10

  • Maie Ellis Elementary School

  • 400 W Elder St

  • 0.36 miles

  • Public District Grades KG-6

school-card-donut-4320495
5
/10

  • Fallbrook Street Elementary School

  • 405 W Fallbrook St

  • 0.53 miles

  • Public District Grades KG-6

school-card-donut-4320496
7
/10

  • La Paloma Elementary School

  • 300 Heald Ln

  • 1.11 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,948. Typical income of Fallbrook, CA residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 408 N Pico

What is the listing price of this property?

The listing price of 408 N Pico property is $1,225,000.

What type of property is this?

The property 408 N Pico is a house located in Fallbrook, California, 92028.

Is this property for sale now?

Active Listing: 408 N Pico is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 408 N Pico is 1953.

Rocket Homes›California›San Diego County›Fallbrook›92028›408 N Pico

This home is located at 408 N Pico in Fallbrook, CA and zip code 92028. This home, which was built in 1953, sits on a 0.34 acre lot. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $1,225,000.

In November 2024, from all listings sold in Fallbrook, CA there were more than 20 sold above asking price, over 15 sold below and more than 10 were sold right at the asked price. The number of listings in Fallbrook, CA increased by 6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $862,833, while the average time on the real estate market was 30 days.

From Rocket Homes Real Estate and based on county public records data.

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