329 N Pico Ave, Fallbrook, CA 92028
Property image
Property image
FOR SALE

$1,625,000

Original price: $1,695,000
  • 10 Beds
  • 7 Baths
  • 4,903 sqft

329 N Pico Ave, Fallbrook, CA 92028

Est. Mortgage $10,082/mo*
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Home Highlights

Property Type
Multi-Family
Price/Sqft
$331
Parking
Garage

Local Information

  • Map ViewExplore the area around 329 N Pico Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

PRICE REDUCTION! Highly renovated 5-Plex right next to vibrant downtown Fallbrook, CA (North County San Diego). 4 of 5 units have been substantially renovated, along with the exterior of the property. Units are all rented at artificially low rents, giving a new owner an opportunity to increase rents with ease. Fallbrook has one of the lowest vacancy rates in all of San Diego County (2.9% - Costar). The property has an ideal unit mix of: 1 large 3BR/2.5BA TH (potential owner's unit), 3 - large 2BR/1BA's & 1 - 1BR/1BA. 8 off-street parking spaces & 2 garages. (10 total bedrooms and 6.5 bathrooms)
Last check for updates: about 15 hours ago
Listing courtesy of Corey McHenry DRE #01800485, (619) 565-0179
David Santistevan
Originating MLS: SDMLS
Source: SDMLS, MLS#260007450
Also Listed on SDMLS.

Home Details for 329 N Pico Ave

Interior Features

Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 7Number of Bathrooms (full): 7
Dimensions and Layout
Living Area: 4903 Square Feet
Levels, Entrance, & Accessibility
Stories: 2

Exterior Features

Parking & Garage
Has a GarageParking: Garages,Spaces
Frontage
Not on Waterfront

Days on Market

Days on Market: 145

Property Information

Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Property Information
Parcel Number: 10313514

Price & Status

Price
List Price: $1,625,000Price Per Sqft: $331

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Fallbrook

Agent Information

Listing Agent
Listing ID: 260007450

Building

Building Area
Building Area: 4903 Square Feet

HOA

Association for this Listing: SDMLS

Miscellaneous

Mls Number: 260007450Showing Service Name: None

Additional Information

Source Internet Entire Listing Display

Around this home

What Locals Say about Fallbrook

At least 232 Trulia users voted on each feature.

  • 83 % Say car is needed

  • 81 % Say it's dog friendly

  • 79 % Say parking is easy

  • 77 % Say there's holiday spirit

  • 73 % Say yards are well-kept

  • 67 % Say it's quiet

  • 63 % Say there's wildlife

  • 59 % Say neighbors are friendly

  • 58 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say kids play outside

  • 46 % Say there are sidewalks

  • 43 % Say it's walkable to grocery stores

  • 41 % Say it's walkable to restaurants

  • 39 % Say there are community events

  • 33 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • 8d4sbsmkv2
    "The Avacado Festival is an event that makes our neighborhood special because we gather to buy different things such as food, clothes, walk in family, and hang out and meet new people."
    0
    Flag
  • Fallbrookusa
    "Church’s, Avocado festival. Christmas Parade, small town feel with good restaurants a town supported by military."
    0
    Flag
  • Sunshine.ecorinne
    "We don’t have many events in my neighborhood but everyone is very kind. Then neighborhood is very relaxed and Fallbrook in general is a tight community "
    0
    Flag
  • Richelle Stephens
    "Small town feel without living far from civilization. People are generally nice and are active in the community. Sometimes I wish there was more kid friendly activities but we still find fun. "
    0
    Flag
  • Bren.nunez
    "Friendly neighborhood. Quiet neighborhood. Great place to live as a transition to a house. Condos are quiet. "
    9
    Flag
  • Trulia User
    "Quiet and clean. Feels good to come he to friendly neighbors and love that outdoorsy feel. "
    0
    Flag
  • Daveandmonique
    "Avocado Festival, summer nights, fall hoedown and Christmas Parade are some area specific seasonal events in Fallbrook.events"
    3
    Flag
  • Moy R.
    "Small streets can’t handle amount of cars in the roads every single day of the week. It is very annoying to drive around this town even during the week. "
    0
    Flag
  • Jordis F.
    "Quaint rural community with friendly folk. Fallbrook has unique topography and lots of trees, and nice outdoor activities."
    0
    Flag
  • Eric
    "The commute is longer than where I lived previously but that was a trade off for other things the area had to offer"
    1
    Flag
  • Jordis F.
    "I work remotely but close access to the 15 and 76. About ten minutes to the 15 and 76, and 30 minutes to the 5"
    3
    Flag
  • Harnackeb
    "I’ve lived in this super quiet neighborhood for seven years with an amazing view and amazing friendly neighbors who always look out after another. Great community!"
    7
    Flag
  • Stephanie R.
    "Not a lot of walking areas in my neighborhood but some parks and community areas are available which is nice "
    0
    Flag
  • Rodrigo G.
    "I bought a new house at Horse Creek Ridge last year, and I love it. really nice and save neighborhood with lots of parks, walking trails and an sport park. "
    0
    Flag
  • Jordis F.
    "We have a number of Halloween events that are safe and fun for the kids. We also have other annual events like the Avocado Festival and Art Faire."
    1
    Flag
  • William R.
    "People decorate their homes for holidays. Neighborhood still developing and should bring future events."
    0
    Flag
  • Kristin K.
    "That we are all very friendly and we all help each other out when it is needed. Can’t ask for better neighbors "
    0
    Flag
  • Sonja S.
    "People are very friendly. It’s such a tranquil place to live. Central to everything with a small town feel. Love it "
    0
    Flag
  • Nancy C.
    "I see people walking with their dogs all the time. I see people exercising and going to public events. I like Fallbrook's vibe. "
    5
    Flag
  • Pcrazyfeet
    " I no loner if I did, I would be going north in the morning against traffic, so it would be 15-20 commute"
    0
    Flag
  • B1ack
    "That everyone tries to keep pets safe. If a dog gets out, most try to find the owners. There is also a community app to post information so everyone knows what’s going on around us."
    3
    Flag
  • Pcrazyfeet
    "Very rural. No public transportation. No malls, just a couple of markets. Nice restaurants. No hospital"
    1
    Flag
  • Gonza190
    "Small town. Everyone knows when you fart. Gossip girl kinda town. Schools suck, fact check me on this one. It’s true schools suck look at scores "
    5
    Flag
  • Funkyones
    "Rural area & lots of country to spread out‼️‼️ Nice homes & small town atmosphere👍👍 Lots of GREAT SCHOOLS & Football on Fridays night is the place to be.. Stay in Fallbrook to shop or travel a half an hour on Freeway North or South (City Trip) & find what ur looking for.. "
    1
    Flag
  • Jesus P.
    "Friendly small town. Not topical or California. Lots of vegetation compared to the surrounding cities. Country living feeling, with lots of ranch style homes."
    0
    Flag
  • Tyhawthorne6
    "There’s no yard in the apartments by the gate to get on base so you you have to take your dog somewhere to Poo but it’s a lovely area "
    1
    Flag
  • Kpaintermeyers
    "Convenient to the 15 freeway, short commute to Camp Pendleton. Easy option to take the old hwy 395 when the 15 backs up at commute time. "
    1
    Flag
  • Jolene
    "I moved here 2 years ago and it is my new home. Private and friendly. Family oriented with a lot of community events."
    0
    Flag
  • Brittanygraves10
    "Unsafe, unkept, no local police. Only Sheriff. A lot of unkept areas and a lot of burglaries at homes."
    3
    Flag
  • J
    "It is a great neighborhood, close to parks, and schools. The culture is unique with art shows, and festivals in the summer."
    0
    Flag
  • Fmom411
    "Great small town community near very large metros. Close enough to big box stores but also quaint with everything needed in town. People that love her, LOVE living here so pride in the town is high. Great restaurants! "
    3
    Flag
  • Dawn
    "no off leash areas are a point of contention. no off leash allowed, but some do anyway and create tension. need dog park area for them. "
    0
    Flag

Market trends in Fallbrook

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$840K
$45KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$426
$2MoM
Available listings
244
7MoM

Home Value

Trulia Estimate
$1.58M
Since last month
Increased$47K (+3.1%)
Since last year
Decreased$48K (-2.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -17% in the last 10 years
MonthEstimated value
2026
September 2026$1.59M
August 2026$1.52M
July 2026$1.54M
June 2026$1.54M
May 2026$1.6M
April 2026$1.63M
2024
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1423-25 Via Lima, Fallbrook, CA
1.39
Multi-Family Home
$885,100
04/13/26
5
3
2,383
1708 E Mission Rd, Fallbrook, CA
1.46
Multi-Family Home
$862,500
12/30/25
5
4
-
3013-3017 S Mission Rd, Fallbrook, CA
3.32
Multi-Family Home
$667,000
08/19/26
3
3
1,272
2253-55 Via Dulcea, Fallbrook, CA
5.12
Multi-Family Home
$2,250,000
10/23/25
6
7
5,022

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1120 E Mission Rd #20, Fallbrook, CA 92028
0.08
$65,000
1
1
-
For Sale
408 N Pico Ave, Fallbrook, CA 92028
0.05
$999,900
2
2
1,440
For Sale
420-26 N Vine St, Fallbrook, CA 92028
0.10
$1,200,700
9
6
4,232
Off Market
310 Ivy Ln, Fallbrook, CA 92028
0.12
$564,000
2
2
1,281
Off Market
305 Ivy Ter, Fallbrook, CA 92028
0.12
$468,100
2
2
1,281
Off Market
312 Ivy Ter, Fallbrook, CA 92028
0.12
$526,700
2
2
1,281
Off Market
130 E Alvarado St, Fallbrook, CA 92028
0.17
$1,020,400
Studio
-
2,890
Off Market
132 N Mission Rd, Fallbrook, CA 92028
0.16
$587,000
3
2
1,264
Off Market
316 W Kalmia St, Fallbrook, CA 92028
0.13
$690,000
2
2
1,470
Recently Sold
323-327 W Hawthorne St, Fallbrook, CA 92028
0.15
$1,335,600
5
4
2,553
Off Market
245 W Kalmia St #1 & Unit 2, Fallbrook, CA 92028
0.13
$716,600
2
2
1,324
Off Market

Price and Tax history

DateEventPrice
Jun 11, 2026
Source: SDMLS #260007450
PriceChange
$1,625,000
Price decreased by 4%
Apr 10, 2026
Source: SDMLS #260007450
Listed For Sale
$1,695,000
Oct 31, 2025
Source: SDMLS #230001561
ListingRemoved
$1,949,000
Mar 21, 2023
Source: SDMLS #230001561
ListingRemoved
Jan 24, 2023
Source: SDMLS #230001561
Listed For Sale
$1,949,000

LGBTQ Local Legal Protections

Corey McHenry, David Santistevan
Agent Phone: (619) 565-0179
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS.

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Frequently asked questions about 329 N Pico Ave

  • What is the estimated monthly payment for 329 N Pico Ave?
    Based on a $1,625,000 list price with 20% down at today's rates, the estimated monthly payment for 329 N Pico Ave in Fallbrook, CA is approximately $10,150 (about $8,491 principal & interest, $1,584 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 329 N Pico Ave compare to homes in Fallbrook?
    329 N Pico Ave in Fallbrook, CA is listed at $1,625,000, about 93% above the $840K median sale price in Fallbrook.
  • What do residents say about Fallbrook?
    Residents describe Fallbrook, CA as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Fallbrook, CA.
  • What are the closest schools to 329 N Pico Ave?
    The closest schools to 329 N Pico Ave in Fallbrook, CA are Fallbrook High School (rated 6/10), James E. Potter Intermediate School (rated 5/10), William H. Frazier Elementary School (rated 7/10).
329 N Pico Ave, Fallbrook, CA 92028 is a 10 bedroom, 7 bathroom, 4,903 sqft multi-family. This property is currently available for sale and was listed by SDMLS on Apr 10, 2026. The MLS # for this home is MLS# 260007450.