120 BallantyneEl Cajon, CA 92020
San Diego County
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.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Mixed Use
- Days on market
- 27
- MLS® Listing#
- 260022227SD
Property Features
- Heating
- None
- Construction
- Other
- Parcel number
- 4881113400
Listing Courtesy: Coldwell Banker West - 6193033399
Presented by: Ben Ameen
Licensed in the state of California.
Documents & links
Provided by Ben Ameen
- Virtual tourVisit
