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34219698
34219697

120 Ballantyne Street, El Cajon, CA 92020

BA
CA 01999481
Coldwell Banker Commercial West
Listed by Coldwell Banker Commercial West
$3,950,000
4 days on market
Updated 4 days ago
Opportunity zone

Ballantyne Condominiums

Details
APN 488-111-34-00
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 10,950
Units 10
Cap Rate 4.27%
NOI $169,014
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.81%
Pro-Forma NOI $229,614
Price per SqFt $360
Year Built 2019
Buildings 1
Stories 3
Lot Size (SqFt) 7,663
Zoning C-R MU Overlay
Parking Spaces 15 spaces
Parking per 1,000 SqFt 1.37
Investment Type Value Add
Ground Lease No

Mixed Use | 4.27% CAP | 10,950 SqFt

Marketing 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: 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.

As a rare newer-construction asset, Ballantyne Condominiums offers low maintenance requirements, modern amenities, and strong long-term investment fundamentals.

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.

Investment highlights

  • Rare Newer Construction built 2019
  • Low Maintenance/Repair Requirements
  • Month-To-Month Leases Offer Opportunity for Increases
  • Large Units Located in the Heart of El Cajon
  • Washer & Dryer in Each Unit
  • Turn-Key Investment

Listing Contacts

BA
CA 01999481
Coldwell Banker Commercial West
Listed by Coldwell Banker Commercial West

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,014.00
$14,084.50/mo

Valuation Metrics

0
DSCR
4.28%
Cap Rate
4.28%
ROI

Map

Zoning

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C-R CommercialSpecial CommercialRegional Commercial
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View all 197 uses
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Ben Ameen
License
01999481
Brokerage Phone
6198406692
Brokerage Address
810 Jamacha Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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