CA > Fallbrook
Fallbrook, CA 92028,408 N PICO
Fallbrook, CA 92028,408 N PICO
Fallbrook, CA 92028,408 N PICO
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
$1,225,000
Est. payment /mo
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UPDATED:

12/29/2024 07:51 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRNDP2410488

Originating Board California Regional MLS

Year Built 1953

Property Description

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 wa

Location

State CA

County San Diego

Area 92028 - Fallbrook

Interior

Laundry Other

Exterior

Pool None

Building

Lot Description Farm Animals (Permitted), Paved

Others

Tax ID 1031310200

Special Listing Condition Not Applicable

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Listed by Lisa Stadille • RE/MAX Connections

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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