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Berkshire Hathaway HomeServices California Properties

120 Ballantyne St, El Cajon, CA 92020

$3,950,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Ben Ameen
Lic#: 01999481
Broker: Courtesy of Coldwell Banker West
Phone: 619-840-6692

Listing Details

Property type: Com-Res Income (Multi-Family)

Property Sub-Type:

Status: ACTIVE

Listing ID: 260016721

Price: $3,950,000

Rental Rate: $3,950,000

Lot Size:

0.00 acres

County: San Diego

Construction: Stucco

Last Updated: 7/9/2026

Days On Market (DOM): 25

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Lat/Long: 32.795515, -116.957580.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

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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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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