

Ballantyne Condominiums
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
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