Robcon Realty
Jeffrey Hawkins, Robcon RealtyPhone: (760) 822-5384
Email: [email protected]
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listing
1 of 36
Residential IncomeFor Sale
$1,298,000
408 N Pico
Fallbrook, CA 92028
Listed by Lynn Stadille DRE#00512083 [email protected] Re/max Connections
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$6,800/mo

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.

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