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  • 408 N Pico Ave

408 N Pico Ave, Fallbrook, CA 92028

$999,900 Approx. USD 2 beds, 2 baths
1,440 sqft

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Photo of Joseph Maghami

Joseph Maghami REALTOR® - Sales Associate 949-813-1619 m
949-644-6200 o
Lic#: 01908118
NRDS ID: 185060093
kjmaghami@gmail.com Text Me
Call My Cell
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Lic#: 01908118
NRDS ID: 185060093
kjmaghami@gmail.com Corona del Mar Office
3301 E. Coast Hwy
Corona del Mar, CA 92625
Phone: 949-723-7080
Fax: 949-675-2156
 Corona del Mar 3301 E. Coast Hwy
Corona del Mar, CA 92625
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Fax: 949-675-2156
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Listing Agent


Deanne Estrada | destrada@westcapitallending.com
Lic#: 02143621
Broker: Courtesy of West Capital Real Estate
Phone: 949-570-8981

Agent Remarks

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.

Listing Details

Property type: Mixed Use (Single Family)
Status: Active
MLS# OC26105529
List price is $999,900 Reduced by $75,100 on 8/6/2026
Price: $999,900
HOA Fee is $0.00
Beds: 2
Baths: 2 (2 full)
None fireplaces
Built in 1953
1,440 sqft
1 story
0.24 acres
Lot size: 0.2446
Subdivision: Fallbrook
County: San Diego
Parking description: Asphalt,Driveway
Lot description: Corner Lot,Value In Land
Heating/cooling: Wall/Window Unit(s)
MLS area: 92028 - Fallbrook

Last Updated: 8/6/2026

 Days On Market (DOM): 98

 Find more Fallbrook homes and real estate

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This listing belongs to the 92028 - Fallbrook MLS area

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Lat/Long: 33.384940, -117.252726.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Joseph Maghami

Joseph Maghami REALTOR® - Sales Associate 949-813-1619 m
949-644-6200 o
Lic#: 01908118
NRDS ID: 185060093
kjmaghami@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01908118
NRDS ID: 185060093
kjmaghami@gmail.com
Corona del Mar Office
3301 E. Coast Hwy
Corona del Mar, CA 92625
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