ActiveCommercial · sale

120 Ballantyne

El Cajon, CA 92020

$3,700,000

    Listed by Coldwell Banker West · MLS #260022227SD

    120 Ballantyne, El Cajon, CA 92020 — photo 1 View full photo
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    THE PROPERTY

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    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.
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    THE NEIGHBORHOOD

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    120 Ballantyne, El Cajon, CA 92020

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    THE DETAILS

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    Property type
    CommercialSale
    Category
    Commercial
    Parcel
    4881113400
    HOA fee
    $0.00

    Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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    120 Ballantyne, El Cajon, CA 92020 · MLS #260022227SD

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    Listing information

    MLS #260022227SD · California Regional MLS

    Listing brokerage: Coldwell Banker West
    Listing agent: Ben Ameen

    Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

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