408 N PICO, Fallbrook, CA 92028 – NDP2407143 - Jim Nelson

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Jim Nelson

nelsonriddle@cbwhomes.com +1(619) 415-5574

$ 1,200,000

Est. payment -/mo

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Price Dropped by $48K

408 N PICO Fallbrook, CA 92028

0.34 Acres Lot

UPDATED:

11/18/2024 01:43 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2407143

Construction Status Building Permit,Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1953

Lot Size 0.340 Acres

Property Description

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 an office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet. 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.

Location

State CA

County San Diego

Area 92028 - Fallbrook

Zoning PER SELLER ZONING IS BOTH

Rooms

Other Rooms Two On A Lot

Interior

Fireplace No

Laundry Outside

Exterior

Garage Asphalt, Driveway

Fence Average Condition, Partial

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected

View Y/N No

Accessibility Parking, Accessible Approach with Ramp

Private Pool No

Building

Lot Description Corner Lot, Paved

Faces South

Story 2

Sewer Sewer Tap Paid

Architectural Style Ranch

Additional Building Two On A Lot

New Construction No

Construction Status Building Permit,Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 1031310200

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Lynn Stadille • RE/MAX Connections

Jim Nelson

Agent | License ID: 01852936

+1(619) 415-5574

Jim Nelson

408 N PICO Fallbrook, CA 92028

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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408 N PICO