Listed by Deanne Estrada, West Capital Real Estate, (949) 570-8981
$999,900
Original price: $1,075,000
2 Beds
2 Baths
1,440 sqft
408 N Pico Ave, Fallbrook, CA 92028
Est. Mortgage $6,122/mo*
Get Pre-QualifiedHome Highlights
HOA
None
Price/Sqft
$694
Climate Control
Wall Units
Listed
99 days ago
Local Information
- Map ViewExplore the area around 408 N Pico Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
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.
Home Details for 408 N Pico Ave
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Interior Details Number of Rooms: 3Types of Rooms: Entry Foyer, Laundry, Office |
Beds & Baths Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 2 |
Dimensions and Layout Living Area: 1440 Square Feet |
Appliances & Utilities Laundry: Outside |
Heating & Cooling Has CoolingAir Conditioning: Wall/Window Unit(s) |
Fireplace & Spa Fireplace: NoneNo Fireplace |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneEntry Location: Front |
View No View |
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Exterior Home Features No Private Pool |
Parking & Garage No GarageNo Attached GarageParking: Asphalt,Driveway |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 79Days on Market: 99 |
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Year Built Year Built: 1953 |
Property Type / Style Property Type: ResidentialProperty Subtype: Mixed UseStructure Type: Mixed UseArchitecture: Mixed Use |
Building Not a New ConstructionAttached To Another StructureHas Additional Parcels |
Property Information Parcel Number: 1031310200Additional Parcels Description: 1031310300, 1031310400 |
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Price List Price: $999,900Price Per Sqft: $694 |
Status Change & Dates Off Market Date: Fri Jul 31 2026 |
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MLS Status: Active |
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Direction & Address City: FallbrookCommunity: Fallbrook |
School Information High School District: Fallbrook Union |
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Listing Agent Listing ID: OC26105529 |
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Community Features: SuburbanNot Senior Community |
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Association for this Listing: California Regional MLSHOA Fee: No HOA Fee |
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Lot Area: 10653 sqft |
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Special Conditions: Standard |
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Contingencies: DO NOT GO DIRECT. DO NOT DISTURB OCCUPANTS. THREE PARCELS ARE INCLUDED IN THE SALE: 103-131-02-00, 103-131-03-00 AND 103-131-04-00Listing Terms: Cash, Cash to Existing Loan, Cash to New Loan |
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Mls Number: OC26105529Living Area Range Units: Square FeetAttribution Contact: 323-697-6379Back On Market Date: Wed Aug 05 2026Common Interest: NoneUniversal Property Id: US-06073-N-1031310200-R-N |
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SuburbanSource 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.
Market trends in Fallbrook
Last updated July 2026
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
$975KSince last month
Decreased$100K (-9.3%)Since last year
Decreased$188K (-16.1%)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 increased by +48% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $975K |
| July 2026 | $1.07M |
| June 2026 | $1.08M |
| May 2026 | $1.08M |
| April 2026 | $1.02M |
| March 2026 | $1.02M |
| February 2026 | $1.02M |
| January 2026 | $1.04M |
2025 | |
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 |
|---|---|---|---|---|---|---|---|
0.08 | Single-Family Home | $690,000 | 06/23/26 | 2 | 2 | 1,470 | |
0.20 | Single-Family Home | $685,000 | 11/05/25 | 3 | 2 | 1,379 | |
0.14 | Single-Family Home | $660,000 | 06/02/26 | 3 | 2 | 1,200 | |
0.36 | Single-Family Home | $800,000 | 05/14/26 | 3 | 2 | 1,466 | |
0.21 | Single-Family Home | $770,000 | 11/21/25 | 3 | 1.5 | 1,674 | |
0.31 | Single-Family Home | $660,000 | 10/01/25 | 3 | 2 | 1,346 | |
0.22 | Single-Family Home | $720,000 | 01/08/26 | 3 | 2.5 | 1,623 | |
0.33 | Single-Family Home | $760,000 | 09/16/25 | 3 | 3 | 1,785 | |
0.36 | Single-Family Home | $625,000 | 04/17/26 | 3 | 2 | 1,125 | |
0.38 | Single-Family Home | $610,000 | 10/29/25 | 2 | 1 | 1,130 |
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 |
|---|---|---|---|---|---|---|
0.08 | $690,000 | 2 | 2 | 1,470 | Recently Sold | |
0.08 | $716,600 | 2 | 2 | 1,324 | Off Market | |
0.05 | $1,625,000 | 10 | 7 | 4,903 | For Sale | |
0.09 | $555,200 | 2 | 2 | 1,281 | Off Market | |
0.09 | $468,800 | 2 | 2 | 1,281 | Off Market | |
0.09 | $525,800 | 2 | 2 | 1,281 | Off Market | |
0.10 | - | 4 | 3 | 2,650 | Off Market | |
0.10 | $1,095,000 | 4 | 3 | - | For Sale | |
0.14 | - | 4 | 3 | 1,943 | Off Market | |
0.13 | $1,228,400 | 9 | 6 | 4,232 | Off Market | |
0.14 | $660,000 | 3 | 2 | 1,200 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 6, 2026 Source: CRMLS #OC26105529 | PriceChange | $999,900 Price decreased by 7% |
May 14, 2026 Source: CRMLS #OC26105529 | PriceChange | $1,075,000 Price decreased by 12% |
Dec 10, 2024 Source: CRMLS #NDP2410488 | Listed For Sale | $1,225,000 |
Mar 3, 2014 Source: Agent Provided | ListingRemoved | $475,000 |
Oct 6, 2013 Source: Agent Provided | Listed For Sale | $475,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Deanne Estrada, West Capital Real Estate
Agent Phone: (323) 697-6379
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-25 12:19:18 PDT 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. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-25 12:19:18 PDT 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. Properties may or may not be listed by the office/agent presenting the information
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Frequently asked questions about 408 N Pico Ave
- What is the estimated monthly payment for 408 N Pico Ave?Based on a $999,900 list price with 20% down at today's rates, the estimated monthly payment for 408 N Pico Ave in Fallbrook, CA is approximately $6,202 (about $5,152 principal & interest, $975 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 408 N Pico Ave compare to homes in Fallbrook?408 N Pico Ave in Fallbrook, CA is listed at $999,900, about 19% 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 408 N Pico Ave?The closest schools to 408 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).
- Does 408 N Pico Ave have air conditioning?Yes, 408 N Pico Ave in Fallbrook, CA has air conditioning.
- Does 408 N Pico Ave have laundry facilities?Yes, 408 N Pico Ave in Fallbrook, CA has laundry facilities.
408 N Pico Ave, Fallbrook, CA 92028 is a 2 bedroom, 2 bathroom, 1,440 sqft single-family home built in 1953. This property is currently available for sale and was listed by CRMLS on May 14, 2026. The MLS # for this home is MLS# OC26105529.