Residential Income For Sale – – – – Price $1,298,000 – NDP2402949
Property Description

Investment Opportunity in Fallbrook! Just reduced $100k! Corner property with 3 lots together and is zoned both Commercial and Residential. 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, and is approx 640 sq feet. The second building is a duplex that is currently rented month-to-month to lng-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 $935 per month. This asset has high street visibility at the North end of town within walking distance to the heart of town, 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.

Address Map
California
San Diego
Fallbrook
92028
PICO
408
W118° 44' 49.9''
N33° 23' 5.8''
Neighborhood
Neighborhood
Additional Information
87
Assessor
Lynn
Stadille
RE/MAX Connections
$0
$0
$0
$0
$0
$0
$0
.25 to .5 ac
Fallbrook
Borrego springs
Fallbrook union elementary distr
Fallbrook union elementary distr
Fallbrook union high school dist
2

Residential Income For Sale

408 PICO, Fallbrook, California 92028

14,810 Sqft
$1,298,000
Listing ID #NDP2402949
Basic Details
Property Description :

Investment Opportunity in Fallbrook! Just reduced $100k! Corner property with 3 lots together and is zoned both Commercial and Residential. 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, and is approx 640 sq feet. The second building is a duplex that is currently rented month-to-month to lng-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 $935 per month. This asset has high street visibility at the North end of town within walking distance to the heart of town, 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.

Status : Active
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NDP2402949
Price : $1,298,000
Lot Sq Ft : 14,810 Sqft
Style : Res income 2-4 units
Unit 1 # Bedrooms : 1
Unit 1 # Total Baths : 1
Agent info
Berkshire Hathaway HomeServices California Properties
6027 Paseo Delicias, Rancho Santa Fe, CA 92067
Contact Agent
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