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Glen Henderson

[email protected] +1(619) 889-7646

$3,950,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260016721

Property Sub-Type Com-Res Income

Property 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

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Listed by Ben Ameen, DRE#01999481 Coldwell Banker West

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

120 Ballantyne St El Cajon, CA 92020

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information