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Great location in downtown Fallbrook for an owner-user. When a well known General Contractor purchased this property in 1996, it was zoned C36 which allowed him a perfect opportunity for combining his office and home living space. Now, 25 years later, a complete update of the building has produced a CASP Report for the commercial side, a roof tune up and report, updated termite treatment and report, forced heat/air maintenance and report, plumbing report on main sewer line through the building to the street connection with a video of said sewer line, interior plumbers report, new faucets, angle stops, and supply lines. The residential side contains a home theater/living room combo that is fabulous and the master bedroom features dual closets. The Viking kitchen is designed to function like a dream and there is a private patio/barbecue area that is conducive to entertaining. With plenty of storage, and large parking area for 7, you won’t want to miss this rare opportunity. An additional room not included in the square footage with full bath on the side of the building adds @200 sq ft. Each side of the building is @850 sq. ft., with a nice laundry room separating the residential from the commercial side. Storage abounds on the property both inside the building and on the exterior. Beautiful easy to care for landscape and lighting as well. The current flexible zoning of FB-V3 offers many potential uses (see attached V3 zoning guide).
Listing agent: Diane Peacock DRE #01351148 dianepeacockre@gmail.com, Listing office: Realty ONE Group Pacific
MLS data updated 10/19/2026, 7:33:35 AM PT
Source: CRMLS, MLS #: NDP2107935
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 30, 2021
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92028 · Oct 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.