408 Pico Ave - Apartments FOR SALE


Fallbrook, CA 92028
$1,100,000 USD
951-588-3889
408 Pico Ave, Fallbrook, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

408 Pico Ave
Fallbrook, CA 92028


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$764 USD /SF

# OF UNITS

2

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pico Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

FB-V2

APN/PARCEL ID

103-131-04

ASK ABOUT THIS PROPERTY

Maritza GutierrezRealty ONE GroupMore Info
951-588-3889

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Maritza GutierrezRealty ONE GroupMore Info
951-588-3889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.