About This Home
This 0-bedroom, 0-bathroom residential multi family at 120 Ballantyne St in El Cajon, CA is listed for $3,950,000. on a N/A lot.
Key Features
- 2 stories
Property Details
Amenities
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 O
VERVIEW 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
Monthly Cost Estimate
$21,125/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
120 Ballantyne St
El Cajon, CA 92020
Property Details
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 120 Ballantyne St is listed at $3,950,000. The estimated monthly payment is $21,125 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 2 stories.
This property is listed by Ben Ameen and can be reached at 6198406692.