522 S Pico, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 1 bath
522 S Pico
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 522 S Pico, Fallbrook, California 92028 is currently available with a list price of $634,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1949, this property is aged but functional, featuring some modern updates such as new dual-pane windows and solar panels. However, the overall aesthetic, the single bathroom for a three-bedroom layout, and the presence of an unpermitted tiny home suggest the property requires cosmetic and system updates to meet modern standards, fitting the criteria for a well-maintained but outdated home.
PROSSTRENGTHS & OPPORTUNITIES
- Mixed-Use Zoning
The rare residential/commercial zoning provides exceptional flexibility for entrepreneurs and business owners to operate a business directly from the property.
- Prime Walkable Location
Ideally situated in the heart of historic Fallbrook, the property is within walking distance to Main Street, restaurants, shopping, and local community events.
- Income Potential
The inclusion of a detached tiny home with a kitchenette and bathroom offers immediate potential for rental income or a private guest suite.
CONSRISKS & DEFICIENCIES
- Unpermitted Structure
The backyard tiny home is explicitly noted as not permitted, which may create challenges for financing, insurance, or future code compliance.
- Limited Bathroom Count
The main residence features three bedrooms but only one bathroom, which may be a drawback for larger families or certain commercial applications.
- Property Age
Built in 1949, the home may require additional investment for modernization or maintenance of older systems to meet current building standards.
About 522 S Pico
CALLING ALL BUSINESS OWNERS, ENTREPRENEURS THAT WOULD LIKE THE OPPORTUNITY TO WORK FROM HOME-LIFESTYLE OR CREATIVE INSITES ARE OPTIONS FOR THIS UNIQUE PROPERTY. A TRUE GEM IN THE HEART OF HISTORIC FALLBROOK! SMALL CREEK IN FRONT WITH WALK-WAY A PERFECT WAY TO RELAX WITH NATURE. THIS ONE-OF-A-KIND 3 BEDROOM 1 BATH WITH A CHARMING TINY HOME IN BACK YARD 1 BEDROOM 1 BATHROOM FUNCTIONAL KITCHENETTE, (NOT PERMITTED BUYER TO VERIFY POTENTIAL USES), FOR A BUSINESS OR RENTAL! GOOD SIZE UTILITY SHED IN BACKYARD AS WELL! ZONED RESIDENTIAL/COMMERCIAL! NEW DUAL PANE WINDOWS WERE RECENTLY DONE! THIS 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. WITHIN WALKING DISTANCE TO MAIN STREET, THE SITE OF REGULAR TOWN EVENTS IN THE SELF-PROCLAIMED "AVOCADO CAPITAL OF THE WORLD." WHETHER YOU'RE AN INVESTOR OR SOMEONE WHO WOULD LIKE TO HAVE A BUSINESS FROM THEIR HOME OR 1ST TIME HOME BUYER AND WOULD LIKE A FAMILY MEMBER TO HAVE THEIR OWN PLACE CLOSE TO YOU! THIS IS THE HOME FOR YOU! THIS PROPERTY/HOME/COMMERCIAL RESIDENTIAL OPPORTUNITY IS PACKED WITH POTENTIAL! MUST SEE!
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1949
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,206 | 1,182 | 50% |
| Lot Size | 6,534 | 130,026.5 | 50% |
| Price | $634.0K | $867.0K | 50% |
| Price per sq ft | $526 | $738 | 50% |
| Built year | 1949 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 264 | 50% |
Pricing History
Listed for Sale
Feb 16, 2026
$634,000
$635,000
+0% Price Increase
Initial Listing
Price Change
Jan 7, 2026
$635,000
Initial Listing
Sold
Feb 5, 2024
$600,000
Public Record
Sold
Mar 28, 2023
$560,000
Public Record
Sold
Aug 20, 2021
$485,000
Public Record
Sold
Sep 2, 2016
$343,000
Public Record
Sold
Mar 29, 2010
$160,000
Public Record