120 Ballantyne St - Apartments FOR SALE


El Cajon, CA 92020
$3,958,173 USD
619-840-6692
120 Ballantyne St, El Cajon, CA for Sale
$3,958,173 USD
Apartments - FOR SALE
1/27
null | 4.27% Cap Rate

120 Ballantyne St
El Cajon, CA 92020


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,958,173 USD

PRICE/SF

$254 USD /SF

# OF UNITS

10

PRICE/UNIT

$395,817

CAP RATE

4.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2019

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-R

APN/PARCEL ID

488-111-34

ASK ABOUT THIS PROPERTY

Ben AmeenColdwell Banker Commercial WestMore Info
619-840-6692

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Ben AmeenColdwell Banker Commercial WestMore Info
619-840-6692

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.