522 S Pico Avenue, Fallbrook, California 92028, Fallbrook, - bed, bath

home-pic
ACTIVE$643,000
522 S Pico Avenue, Fallbrook, California 92028
3Beds
1Bath
1,206Sqft
6,534Lot
Year Built
1949
Close
-
List price
$643K
Original List price
$669K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
HD25091776
Home ConditionFair
Features
Good View: Creek/Stream
ViewCreek/Stream

About this home

A True Gem in the Heart of Historic Fallbrook! This one-of-a-kind 3-bedroom, 1-bathroom residential/commercial property offers the best of both worlds — live and work in the vibrant heart of Fallbrook! Ideally located within walking distance to movie theaters, shopping, restaurants, and everyday amenities. Just a block over is Main Street, the site of regular town events in the self-proclaimed "Avocado Capital of the World." This unique opportunity allows you to own and operate a business right on your property — perfect for entrepreneurs or those seeking the work-from-home lifestyle. Also included is a charming tiny trailer home featuring 1 bedroom, 1 bathroom, and a functional kitchenette. (Not permitted — buyer to verify potential uses.) Great as a rental unit, guest space, or office. Additional highlights: Spacious storage shed On-site RV parking Private wooden fence in backyard Leased, affordable solar panels So many possibilities in this centrally located Fallbrook property — enjoy year-round community events, the small-town charm, and the convenience of having everything just steps away. Buyers are encouraged to conduct their own due diligence and verify all aspects of the property,. Whether you're an investor or a dreamer ready to own your own home-based business, this property is packed with potential! Must See!

Price History

Date
Event
Price
10/27/25
Price Change
$643,000
04/25/25
Listing
$668,900
Condition Rating
Fair

The property, built in 1949, shows a mix of recent cosmetic updates and significant deferred maintenance. The interior, particularly the bedroom, hallway, and bathroom, features modern LVP flooring, fresh paint, an updated bathroom vanity, and a contemporary light fixture, suggesting renovations within the last 5-15 years for these specific areas. However, the exterior appears dated with an older roof, worn siding, and an unkempt yard, indicating a need for substantial exterior improvements. Crucially, there are no images of the main house kitchen, which is a significant unknown and could be outdated. The presence of an unpermitted, rough-looking tiny trailer home further detracts from the property's overall condition and value. While functional, the property requires significant investment beyond minor updates to bring it to a 'good' standard, aligning with the 'fair' category's description of an aged home with occasional updates but showing signs of being outdated in major components.
Pros & Cons

Pros

Mixed-Use Zoning: This property offers unique residential/commercial zoning, providing the flexibility to live and operate a business on-site in the vibrant heart of Fallbrook.
Prime Walkable Location: Ideally situated within walking distance to movie theaters, shopping, restaurants, and everyday amenities, and just a block from Main Street, enhancing convenience and community appeal.
Income/Guest Potential: Includes a charming tiny trailer home with a kitchenette, offering versatile use as a rental unit, guest space, or office, adding significant value and flexibility.
Affordable Leased Solar: The property benefits from affordable leased solar panels, contributing to lower utility costs and promoting energy efficiency.
Practical Additional Features: Provides valuable amenities such as a spacious storage shed, on-site RV parking, and a private fenced backyard, catering to diverse lifestyle needs.

Cons

Unpermitted Tiny Trailer: The included tiny trailer home is explicitly stated as 'not permitted,' requiring the buyer to verify potential uses and potentially incur costs for legalization or removal.
Limited Bathroom Count: The main residence features only one bathroom for three bedrooms, which may be inconvenient for families or multiple occupants.
Age of Property: Built in 1949, the main property is older, which could imply potential for deferred maintenance, outdated systems, or a need for significant updates to meet modern standards and preferences.

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