21
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$3,950,000
Est. payment /mo
New
120 Ballantyne St El Cajon, CA 92020
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Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260016721
Property Sub-Type Com-Res Income
Property Description
Ballantyne Condominiums is a newly constructed mixed-use asset ideally located in the heart of downtown El Cajon, within walking distance of Magnolia entertainment venue, popular restaurants, shopping, and local amenities. The property consists of eight residential condominium units and two ground-floor retail/office suites, including: INVESTMENT OVERVIEW Four (4) spacious 2-bedroom, 2.5-bath units Two (2) 1-bedroom plus study, 1.5-bath units Two (2) 1-bedroom, 1.5-bath units Two (2) street-level retail spaces Each residential unit is equipped with in-unit washer and dryer, individual HVAC systems, and secure gated covered parking. The property is currently 100% occupied, with all residential tenants on month-to-month leases, providing a new owner with the flexibility to implement immediate rental increases and maximize income potential. This turnkey investment is strategically positioned to benefit from the continued growth and revitalization of the East County submarket. A unique value-add opportunity exists for a buyer to complete the HOA formation process and pursue the sale of individual condominium units, potentially unlocking significant additional value. As a rare newer-construction asset, Ballantyne Condominiums offers low maintenance requirements, modern amenities, and strong long-term investment fundamentals
Location
State CA
County San Diego
Community Bbq, Elevator
Area East County
Interior
Cooling Central Forced Air Elec
Fireplace No
Exterior
View Y/N No
Building
Dwelling Type Condo
Story 2
Others
Senior Community No
Tax ID 488-111-34-00
Special Listing Condition Call Agent, N/K
Listed by Ben Ameen, DRE#01999481 Coldwell Banker West
NEARBY SCHOOL & BUSINESS
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