logo
Los Angeles icon
icon Los Angeles icon
img
icon icon
Street View
icon icon
37 Photos
icon
icon icon
408 N PICO
USD 1,225,000
Property ID: NDP2410488
icon
408 N PICO ,92028
icon --
icon 14811 SqFt
icon Built in 1953
icon USD 83/SqFt
icon 0 Bed
icon 0 Full
icon --
icon --
icon
icon
icon
Location Street View
icon
icon Direction
Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
1440
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1953
See more icon
Detailed Introduction Of This Home
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 a vacant office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet- half of this office building is just recently being advertised as also available to rent for $1,900 per month ( or with a few cost effective basic improvements, the entire office building may be rented for approx $3500 per month ) which, if rented, would could potentially increase the cap rate/ yearly income to over $69k! 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.
Continue Reading >>
Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Similar houses you may like
372 Picabo Street
372 Picabo Street
icon 372 Picabo Street
6953 SqFt  / 4 Beds  / 2 Full Bas
USD 549,000
12 Firloop Circle
12 Firloop Circle
icon 12 Firloop Circle
0 SqFt  / 2 Beds  / 1 Full Bas
USD 23,900
29616 W Trancas Drive
29616 W Trancas Drive
icon 29616 W Trancas Drive
8712 SqFt  / 3 Beds  / 3 Full Bas
USD 639,000
17841 Morrow Circle
17841 Morrow Circle
icon 17841 Morrow Circle
9350 SqFt  / 3 Beds  / 3 Full Bas
USD 1,799,000
Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 37
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
Photos (37)
icon
icon
banner
408 N PICO
USD 1,225,000 0 Beds
icon Copy link
icon WhatsApp
icon Facebook
icon Twitter
icon
Welcome to House.com
Log in or sign up to get the most out of your experience. This will also help increase your chances of response from agents.
Enter a valid email address.
or
Continue with Google
By submitting, I accept House.com’s   Terms of use
icon icon
Verify Your Email
Hello ,we’ ve just sent the code to your email.please check and enter the code here to continue logging in.
Verification code error
Didn’t receive email? Please check your spam folder